I agree to let her file. But I feel like there should be something going to me too, right? I read somewhere else that I can claim him as a dependant and she can use the earned income credit? Or vice versa?
You could claim the child as a dependent but to claim the other credits the child would need to live with you. You just enter him with his social security number. You should make sure she agrees or if you both claim him there will be problems with the IRS.
She can claim EIC, Head of Household and the child and dependent care credit if she is the custodial parent even if she doesn't claim the child. The child must live with you for more than 1/2 of the year to be the custodial parent. In working through the dependent interview you need to carefully answer several questions:
This is how it would be done for her:
In doing so, TurboTax will include him on your return for EIC, Head of Household if applicable and dependent care credit only.
You could claim the child as a dependent but to claim the other credits the child would need to live with you. You just enter him with his social security number. You should make sure she agrees or if you both claim him there will be problems with the IRS.
She can claim EIC, Head of Household and the child and dependent care credit if she is the custodial parent even if she doesn't claim the child. The child must live with you for more than 1/2 of the year to be the custodial parent. In working through the dependent interview you need to carefully answer several questions:
This is how it would be done for her:
In doing so, TurboTax will include him on your return for EIC, Head of Household if applicable and dependent care credit only.