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  2. Can I Claim My Child as a Dependent if I Pay Child Support? - AOL

    www.aol.com/claim-child-dependent-pay-child...

    To claim a child on taxes as a non-custodial parent, you need to complete and submit Form 8332, signed by the custodial parent, granting you the right to claim the child as a dependent. Can both ...

  3. Can I Claim a Child on Taxes With 50/50 Custody? - AOL

    www.aol.com/finance/claim-child-taxes-50-50...

    Claiming one or more dependents on your taxes can yield some valuable tax benefits, including the ability to claim the child tax credit and the child and dependent care tax credit. Sharing equal ...

  4. Earned income tax credit - Wikipedia

    en.wikipedia.org/wiki/Earned_income_tax_credit

    If an otherwise qualifying child is married, the claimant needs to be able to claim this child as a dependent (and the married couple must have low enough income so that they are not required to file a return and are either not filing or are filing only for the purpose of claiming a refund on withheld taxes). [16] [27] [29]

  5. Child tax credit (United States) - Wikipedia

    en.wikipedia.org/wiki/Child_tax_credit_(United...

    The child and dependent care credit allows eligible taxpayers to subtract $3,000 per child from their taxes for certain childcare services, capped at a total of $6,000 annually per taxpayer. [17] The Tax Cuts and Jobs Act of 2017 created an additional dependent credit, allowing families to claim an additional $500 for an aging parent or older ...

  6. Personal exemption - Wikipedia

    en.wikipedia.org/wiki/Personal_exemption

    Section 152 of the code contains nuanced requirements that must be met before a taxpayer can claim another as a dependent for personal exemption purposes. The general rule is that a personal exemption may be taken for a dependent that is either a qualifying child or a qualifying relative. § 152(a). However, there are several exceptions to this ...

  7. Taxes 2024: Can I Claim My Parents as Dependents and Is It ...

    www.aol.com/taxes-2024-claim-parents-dependents...

    In addition to the percentage of financial support you must provide to claim your parents as dependents, there are additional qualifications. Each eligible parent must be either a U.S. citizen, U ...

  8. Filing status - Wikipedia

    en.wikipedia.org/wiki/Filing_status

    A "dependent" for these purpose includes grandchild and step-grandchildren, not just children and stepchildren. [13] Filing as a head of household can have substantial financial benefits over filing as a single status taxpayer. As a head of household, one may obtain a more generous tax brackets and larger standard deductions. [14]

  9. Taxes 2022: Are You Eligible to Claim the Child and Dependent ...

    www.aol.com/finance/taxes-2022-eligible-claim...

    The IRS provides an easy worksheet to determine if you qualify for the child and dependent care credit. You can fill out the worksheet using the IRS Interactive Tax Assistant. The IRS says it ...

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