new mama Chicago
babyn2015
new mama Chicago

Thinking ahead! Can I claim my baby (due 9/26) on this years taxes even though I have no income ?

3

Комментарии

vamama2two
Erin·Мама сына (1 год)

You're welcome @nurseriri

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islandftm
Honey·В ожидании первенца

@babyn2015 sorry I fell asleep I believe they info you got is accurate. I know December babies can be a little difficult but u should be good

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nurseriri
Ria·В ожидании первенца

@vamama2two, good to know. My Union gives employees a stipend every 3 months for childcare. Nothing much maybe like $300-400 every 3 months. So I guess I would claim the remainder. You're so helpful. Thanks so very much for all you help

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vamama2two
Erin·Мама сына (1 год)

@nurseriri, you will get more back having a kid. You will get the child credit and also an exemption deduction for him. Also depending on your income you may qualify for additional credits. If you pay for daycare also you can get a credit for that.

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vamama2two
Erin·Мама сына (1 год)

@uhoh2015, it depends on how much you have taken out in federal income taxes during the year really. If he makes too much to qualify for the earned income credit (EIC) then you may qualify for the EIC and would get way more for claiming baby.. It all really depends on how much you make and how much you have taken out. I would have the person doing your taxes try it both ways and see which way gets the biggest refund overall.

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nurseriri
Ria·В ожидании первенца

@vamama2two, no his dad would let me be the sole claimer. We have our separate homes so I would be the only one filing. I was told I would actually get more refund with a kid. Cause my ft job I get a decent refund without a kid and I do get a refund with my per diem. Probably would continue filing zero on both plus claim for my son this way I maximize my refund. Thanks for the insight.

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missing380user

@vamama2two, I know he makes waaaaaaay more than I do. does it usually go who ever makes more gets more? or is it the opposite? just curious...

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vamama2two
Erin·Мама сына (1 год)

@uhoh2015, it really all depends on what tax bracket you guys are in. In situations like that I suggest having whoever files your taxes to calculate it both ways and see what the biggest benefit is and file that way.

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vamama2two
Erin·Мама сына (1 год)

@nurseriri, you shouldn't have any issues claiming him unless you have some kind of court order stating the dad claims him on certain years or whatnot. If you claim him on your per diem job they will just take out less taxes now and your refund will be less when you file your taxes. It shouldn't make you owe or anything if you still claim 0 on your ft job. Hope that answers your question??

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missing380user

@vamama2two, so I worked most of the year and will have her at the end of the year. but my question is, if I'm not married to my daughter's father but he makes more money, she he or I claim her or would it be the same regardless?

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babyn2015

Thanks for all the knowledge @vamama2two really appreciate it!

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nurseriri
Ria·В ожидании первенца

@vamama2two, seeing that you're an accountant I shouldn't have any problems filing for my son. Im not married to his dad. On my FT and my per diem job I file zero. This way they take out more taxes and I get a refund at end of year. Im in a different tax bracket because of my profession. My question should I claim him on my perdiem job?

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vamama2two
Erin·Мама сына (1 год)

If he owes again this year, it will help him owe less than he would if he didn't claim you all.

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vamama2two
Erin·Мама сына (1 год)

It will give him a larger refund because he will get an exemption deduction for all 3 of you guys. If he owes money to the IRS they will take it. But just think, you are helping him get out of debt quicker 😊 if you have no income it is best to just let him claim you. It won't hurt you in any way that he owes money to the IRS.

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babyn2015

What if he claims us both while owing? @vamama2two sorry for all the questions

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vamama2two
Erin·Мама сына (1 год)

If you are married you have to either file married filing jointly or married filing separately. You can claim innocent spouse so they can't take your refund.. However you will not be getting a refund if you didn't have any income and pay anything in federal taxes. (I'm a CPA and work in public accounting so I do taxes all the time)

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babyn2015

Am married but her dad owes the IRS and is making payments on that. I am worried that if he claimed us they would deduct what he owes on the refund. Pretty sure I read that somewhere @vamama2two

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babyn2015

That's awesome! Thanks @nurseriri I'll look more into it.

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vamama2two
Erin·Мама сына (1 год)

If you file a return you can. But with no earned income, There is no need. Are you married? Who is keeping you and the baby up? They are the one who needs to claim the baby and you.

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nurseriri
Ria·В ожидании первенца

@babyn2015, I was told once the baby is born before the end of the year you can claim him/her. Not sure how the process goes if you're unemployed. I plan on claiming my son as my dependent on my W-2

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babyn2015

Wow that's good to know! How does it work though, is it complicated? What are they refunding me for ? @islandftm

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islandftm
Honey·В ожидании первенца

Yes

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