(Closed) Tax Question

posted 5 years ago in Money
Post # 3
Member
120 posts
Blushing bee
  • Wedding: October 2013

@busybride215:  whoever provides more than 50% of her $ support.

Post # 4
Member
246 posts
Helper bee
  • Wedding: July 2013

@ShortnSweet: +1   If you two aren’t claiming your taxes commonlaw, then whoever pays more for her or makes significantly more than the other should claim her, to save money. 

Post # 5
Member
3209 posts
Sugar bee

Either one if the two of you contribute that same amount to his upbringing. That person will also file as head of household while the other files as single. Depending on the income of the person who claims him and the deductions you take, the HOH will get a higher standard deduction and get the child tax credit. Also, if you send to daycare, you can get up to 20% of that cost back. I spent 3 years working at a CPA firm and two of those working on over 300 individual tax returns during tax season. You should use an online tax program to play with the numbers before filing

 

Post # 7
Member
3209 posts
Sugar bee

@busybride215 You would be surprised but a CPA can be cheaper than H&R Block and most of them are more knowledgeable – there are always the few who shouldn’t be there. Honestly, with a simple return – w2, kids, standard deduction, I recommend doing it yourself.

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