Discussion:Can I chose not to claim a qualifying child as my dependent?
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| Revision as of 16:42, 1 April 2009 Ddaallas (Talk | contribs) (Yes. Also, altho) ← Previous diff |
Revision as of 16:51, 1 April 2009 SCCPA (Talk | contribs) (Yes, you can, bu) Next diff → |
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| {{ForumReplyPost|UserID=Ddaallas|Date=1 April 2009|Text=Yes. Also, although it's too late to drop her off at the fire station "no-questions-asked," it's not too late to put her up for adoption.}} | {{ForumReplyPost|UserID=Ddaallas|Date=1 April 2009|Text=Yes. Also, although it's too late to drop her off at the fire station "no-questions-asked," it's not too late to put her up for adoption.}} | ||
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| + | {{ForumReplyPost|UserID=SCCPA|Date=1 April 2009|Text=Yes, you can, but you will not accomplish what you want. | ||
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| + | Sec. 151 IRC has the following language: "''In the case of an individual with respect to whom a deduction under this section is allowable to another taxpayer for a taxable year beginning in the calendar year in which the individual's taxable year begins, the exemption amount applicable to such individual for such individual's taxable year shall be zero.''" | ||
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| + | Consequently, even if you can claim her but do not, she cannot claim an exemption for herself. As the exemption is "allowable" not "allowed", the exemption would be lost.}} | ||
Revision as of 16:51, 1 April 2009
Discussion Forum Index --> Basic Tax Questions --> Can I chose not to claim a qualifying child as my dependent?
Discussion Forum Index --> Tax Questions --> Can I chose not to claim a qualifying child as my dependent?
| 1 April 2009 | |
| I have a 16 year-old child who goes to school and also worked part-time last year. She meets the definition of qualifying child. It makes no difference on my taxes to claim her as a dependent (I do not get the child deduction and do not get the child tax credit because my income exceeded a certain threshold.) Can I chose not to claim her as my dependent and have her file her own return so that her refund will be bigger? | |
| 1 April 2009 | |
| Yes. Also, although it's too late to drop her off at the fire station "no-questions-asked," it's not too late to put her up for adoption. | |
| 1 April 2009 | |
| Yes, you can, but you will not accomplish what you want.
Sec. 151 IRC has the following language: "In the case of an individual with respect to whom a deduction under this section is allowable to another taxpayer for a taxable year beginning in the calendar year in which the individual's taxable year begins, the exemption amount applicable to such individual for such individual's taxable year shall be zero." Consequently, even if you can claim her but do not, she cannot claim an exemption for herself. As the exemption is "allowable" not "allowed", the exemption would be lost. | |
