MemberOkay, so obviously my Fiance and i are not married yet, but we do have a 15 month old. Who claims him for taxes? My Fiance and I make about the same amount we both work full time, my Fiance is in school and I am not. We just aren’t sure who is supposed to claim our son.
Member@busybride215: whoever provides more than 50% of her $ support.
Member@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.
MemberEither 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
Member@MRSsrm85: I usually do my taxes myself on turbotax but my Fiance says this year he wants to go to hr block or somewhere like that.
Member@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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