Child Care

by Marcy
(NC)

I paid a individual money per week to keep my son while i worked, not a actual daycare buisness. How would i claim the money i paid out last year on my taxes and also would that individual be tax exempt?

Child's CD Interest

My 18 month daughter had a cd that matured this past year. She received a 1099 Int. form. Do I put that interest under her name or lump it in with my wife's and I cd interest?

Child's Student Loan

I helped pay down some of me child's Sallie Mae Student Loans this year. The loans are in his name only, I am not a cosignor. Will I be able to get the tax write off for that amount or not because it is not my loan ?

Child Support

by Peggy
(BC)

I havent recieved child support payments for over four years. Last year i recieved a lump sum. Will i have to claim the payment on this years income tax return? or could i divide up the payment and claim the divided amount over the next few years?

Child Tax Credit

If my teenager goes to work in december how will this affect my taxes I have two children and file married.

Child Under 18 Filing

by Michele
(Macomb, MI)

I have a working child under 18. She has an earned income of under $1100 for 2010.

Does she have to file a tax return?

Can I still claim her on my tax return?

Can she file exempt so they dont take out SS tax and Medicare tax from her pay?

thanks, Michele

Qualifying Child

by Steve
(Rochester, NY)

I have a situation where the following is true:

1) Single parent has 6 children living at home.

2) One of older children does not meet the qualifying child rule, as he provides over half of his support.

3) Parent desires to claim only 3 of the remaining 5 children.

4) Son would like to claim the other 2 siblings on his tax form.

5) Parent's adjusted gross income is greater than son's adjusted gross income.

Question: Can son correctly claim the 2 dependents?

Dilemma: It seems to me that all the main requirements are met, except I'm not sure about the AGI rule. I understand the situation when 2 people are making claims for the same child. But what if they are NOT making claims for the same child? Does the AGI rule still then apply?

Thanks.