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Business & farm
question: why are you not claiming your daughter? it's worth $500 (unless your income is too high).....
if you are not claiming her (because your income exceeded $180k filing joint), so that you thought she would be eligible for AOTC....that is why the IRS has the THREE RULE test I mentioned above - to prevent high income households from attempting to circumvent the income ceiling ($180k) by not claiming the child and letting them apply for the credit. 🙂
not sure why MD income tax would be any different.... you might want to print out the tax return set up both ways and do a side x side comparison.
‎August 28, 2024
5:46 PM