Taxes claiming stepchild after divorce?
ok question here me and my ex wife are now divorced she does not work. she is letting me claim my daughter and her son my ex stepson i guess u would consider it another person that is not in the child's life. I do see him alot.. I was just wondering will i still be able to claim him even tho we are divorced and not biologically my son?
Are my stepson's medical expenses eligible to be paid with our HSA account?
My husband has a 14 year old son through a previous marriage. His son is covered under our HSA high deductible insurance plan, but his mother claims him on her taxes since he lives with her the majority of the time. My question is, are we not allowed to use our HSA dollars to cover his expenses since he’s not a dependent on our taxes? My husband alleges that he is responsible for all costs associated with the insurance for his son, including paying the premiums and the entirety of the deductible (up to $6550 out of pocket for our family plan). The son has already incurred nearly $1000 in fees this year after injuring himself recently, and my husband has been transferring the money out of our personal savings account to his ex-wife, whereas I’d prefer to be able to use funds from his HSA account since we have about $7000 saved. Is he eligible? Thanks!
Is it true that claiming 3 dependents on your taxes will get you no more money than claiming 2 will get you?
It depends on your situation. If you only make $10,000, you're entire tax liablity is wiped away with only 1 dependent, you only get Earned Income Credit with a maximum of 2 dependents, and you don't have enough income to qualify for any child tax credit any way. If you're a married couple who make $60,000 between you, then yes a third dependent will make a big difference. You'll normally qualify for the entire child tax credit of $1,000 per child, and your tax liability should be reduced by a few hundred dollars. This would easily make at least a $1,300 difference.
Can a non-biological child be claimed for the earned income tax credit?
From the facts presented, nobody can claim the EITC. The boyfriend fails the relationship test and cannot claim the EITC unless he marries the mother and establishes a household with her and her children. That would only apply in the year that they got married and subsequent years assuming that the income and other tests were met. The biological father cannot claim the EITC since the children do not live in his household. The mother cannot claim the EITC as she has no earned income.
Am I obligated to carry health insurance for my 22 year old stepson?
My stepson has made it clear that he does not need or want his father, myself or his two brothers in his life. He has stated that as far as he's concerned they are not his family. If he doesn't need any of us, then he shouldn't need my health insurance and I would like to remove him from my plan at open enrollment next week. Am I obligated to carry health insurance for him or is it ok for me to remove his coverage?
My fiancé is behind on Child support, tax question!?
Ok, first off yes, I know I got with a guy that had a child from a previous relationship....but to be fair he also knew I had two daughters already...their dads both died in car wrecks so I pay everything for them....he pays child support, but got behind because of a job loss last year so his ex got both his fed and state taxes leaving us with NOTHING and couldn't pay our property tax....Ok, this year he got behind again on child support because of job change, no big deal I know he needs to support my stepson, but we have a baby on the way and I am scared if he claims me and the baby this year his ex will also get that money that should go to us to help raise our baby on the way (cuz he will need a new car seat, diapers, etc.) Why does it seem like everyone only cares about the stepkids and not about the expectant kids?! I have no problem him paying his ex support, but taking our tax money could make us lose our home!! My 3 kids deserve a home and all, too....not to mention the baby coming wont have a bedroom yet, only has a bassinet to sleep in so isn't it fair that he deserves money too? I gave my 6 yr olds room to my stepson to have for when we get him..,and also threw him bday parties, Christmas and all...so don't say I don't care...I actually would rather him get custody of my step son because at his moms house he says he's usually late to school, she wasn't taking him to the dentist and his poor teeth look horrid for being a 7 year old...he got hit by a car!! And my fiancé doesn't think he stands a chance in court without paying for a lawyer!! I think he does, and I'd feel better him living with us knowing he's safe, going to school and doctors, and all...so don't say I don't care, it's just that I care about my son too not having what he needs when he's born...my step son does have what he needs... so main question is can I somehow let my fiancé claim me and my baby without that money going to his ex? Or will she still get it because he's behind on support? Help :( I need to save my home for my kids! I live in Indiana if that makes a difference...