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?

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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?

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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 ?

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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?

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Child Tax Credit

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

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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

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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.

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