Tax Question?

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    Last post ago almost 7 years by drpsyce38
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    satansmuff

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        satansmuff

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        If anyone here has done this before or knows if this can be done please share...I was wondering if my boyfriend could claim my child on his taxes. We both lived in his household and he does in fact support us 100% since I have not worked in over a year. I looked it up on the IRS website, and it's pretty confusing...they say yes and no, so who's really knows!!  ........any input would be great!  Thanks guys!
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        Imagin.ation

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        He can claim both you and her, and he will be entitled to the earned income credit as long as no one else claims you or her, BUT i forget what it is claimed under.. whether it is "step child" or something around in that area.
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        Imagin.ation

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        i recall something as "dependent under a certain age" but in the block as "step child"
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        satansmuff

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        Thanks....I don't think he would be able to claim me because I did file a return already...it was just for school tuition, but I still got a tax return for going to school...but I didn't claim my daughter on it since there was no earned income it woulda been a waste..........
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        Imagin.ation

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        He can claim head of household and her, if he took care of her and provided for her the year, yes he can.. even if he only did for a little as 6 months he can, as long as no one else claims her
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        dazzlingdebra

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        I have been doing taxes for about 30 years and imagination is right....he can claim your child, child care credit and he can claim you as a dependent.  All he has to do is check the box.  A person may work and still be dependent, but only one person may claim the earned income credit.  Earned income was designed to help the lower paying workers.....or the poor.  As of this year you can claim three children and the highest amount you can receive for that is less than 6,000, however you to claim that you have to make in a range between 7,999 and 11,999 I believe.  There are plenty of credits but earned income credit is one that is monetary as well as child care credit and child tax credit.  If you need a link just send me a pm and I would be more than happy to reply or go to www.irs.gov and search, new tax credits for 2009 filings.
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        Imagin.ation

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        Thank you Debra, i did taxes on the side for people for a few years, not as any kind of professional, just as favors for alot of people i knew, mostly easy tax forms like 1040, 1040A's and EZ-Forms, couple of other types of exteneded forms, but i did learn alot, just been a while for me.
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        drpsyce38

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        dazz....since you are dispensing free tax advice...hahaha.  Can I take my gambling losses off my net?  Do I have to itemize to do it?
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        dazzlingdebra

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        When it comes to gambling i will get back to you in a few...not many people report, boy you are a honest one!
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        satansmuff

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        I don't think he can get the earned income credit, but maybe the child tax credit...I'm notsure if he'll be able to claim me because I just filed my school forms for a tax refund.....but that is all I filed for...I can no income at all this year..................
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        Imagin.ation

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        I always suggest claim losses against wins, keep it even, theres something that i do know, and i see Debra knows it too.. living in Vegas...i learned
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        dazzlingdebra

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        satan, how did you file taxes if you didnt have any income tax? and yes drsypce you have to itemize; also when it comes to our boyfriend clamiing you, you must look at the test for dependency....and he can get the child tax credit.......and earned income credit doesnt have to be in that range but the higher you make the less you get from eic, and there is a test for that also, so my advice go to the irs.gov and look under the tests for dependancy rules and also it depends on what state you are from...some consider you common law marriage but as far as the earned income credit..if you man makes over 40,000 grand i think thats a down deal...looks like he has some tax liability and he is trying to reduce that....send me a pm.....@satan or anyone else i will do it as a courtesy and since I am not doing your taxes you cant sue me!  But i will give your the real deal and documentation because I am a dazzling Debra!
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        dazzlingdebra

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        Okay here are some of your questions answered by the IRS!


        Topic 419 - Gambling Income and Losses

        The following rules apply to casual gamblers. Gambling winnings are fully taxable and must be reported on your tax return. You must file Form 1040 (PDF) and include all of your winnings. Gambling income includes, but is not limited to, winnings from lotteries, raffles, horse races, and casinos. It includes cash winnings and also the fair market value of prizes such as cars and trips. For additional information, refer to Publication 525, Taxable and Nontaxable Income.

        A payer is required to issue you a Form W-2G (PDF) if you receive certain gambling winnings or if you have any gambling winnings subject to Federal income tax withholding. All gambling winnings must be reported, including winnings` that are not subject to withholding. In addition, you may be required to pay an estimated tax on your gambling winnings. For information on withholding on gambling winnings, refer to Publication 505, Tax Withholding and Estimated Tax.

        You may deduct gambling losses only if you itemize deductions. Claim your gambling losses as a miscellaneous deduction that is not subject to the 2% limit on Form 1040, Schedule A (PDF). However, the amount of losses you deduct may not be more than the amount of gambling income reported on your return. It is important to keep an accurate diary or similar record of your gambling winnings and losses. To deduct your losses, you must be able to provide receipts, tickets, statements or other records that show the amount of both your winnings and losses. Refer to Publication 529, Miscellaneous Deductions, for more information.

        More Tax Topic Categories



        2009 Tax Year
        New for tax year 2009: The amount of EITC increased for workers with a third qualifying child* and the rules changed for determining who is a qualifying child.

        Earned Income and adjusted gross income (AGI) must each be less than:

        $43,279 ($48,279 married filing jointly) with three or more qualifying children
        $40,295 ($45,295 married filing jointly) with two qualifying children
        $35,463 ($40,463 married filing jointly) with one qualifying child
        $13,440 ($18,440 married filing jointly) with no qualifying children
        Tax Year 2009 maximum credit:

        $5,657 with three or more qualifying children
        $5,028 with two qualifying children
        $3,043 with one qualifying child
        $457 with no qualifying children
        The Fostering Connections to Success and Increasing Adoptions Act of 2008 changed the uniform definition of a child. Now, a "qualifying child" must:


        Be younger than the taxpayer claiming that child unless the child is disabled and
        Not have filed a joint return except to claim a refund
        It also added a new Parent AGI rule. If the same child is a qualifying child of a parent and another relative, the person who is not the parent can claim the child only if their AGI is higher than the AGI of any parent of the child.

        *The American Recovery and Reinvestment Act (ARRA) provides a temporary increase in EITC and expands the credit for workers with three or more qualifying children. These changes are temporary and apply to 2009 and 2010 tax years.

        For more information on whether a child qualifies you for the EITC, see Publication 596, Chapter 2, Rules If You Have a Qualifying Child.

        Investment income must be $3,100 or less for the year.

        The maximum Advance EITC workers can receive from their employers is $1,826.




         


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        Imagin.ation

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        Since they arent married, wouldn't or couldn't he file as head of household, and recieve the higher amount of credit?
        Since he is the only one providing income
        Has that amount changed?
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        dazzlingdebra

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        Everybody situation is different and this may affect where you live, as far as you filing a tax return, you had to have income to file satanstuff.  How did you file an income tax with no income if that is what I read..i may have missed something.  In some states the rules are different when you are filing taxes and living together...common law marriage.  I will try to answer your questions and if i cant i know who can..the IRS...lol

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