The IRS doesn’t pay any attention to custody agreements. The couple can’t just alternate HOH irrespective of who is actually the custodial parent. Is this what is happening?
I think you are confusing your situation with the instance of a custodial parent who allows the non-custodial parent to claim a qualifying child’s dependency but retains the right to file as Head of ...
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I think you are confusing your situation with the instance of a custodial parent who allows the non-custodial parent to claim a qualifying child’s dependency but retains the right to file as Head of Household.
CA renter’s credit only if:
Your California income was:
$49,220 or less if your filing status is single or married/registered domestic partner (RDP) filing separately
$98,440 or less if y...
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CA renter’s credit only if:
Your California income was:
$49,220 or less if your filing status is single or married/registered domestic partner (RDP) filing separately
$98,440 or less if you are married/RDP filing jointly, head of household, or qualified widow(er)
I would think someone paying 60K for rent has an income exceeding those restrictions.
Software is correct. If he could have been claimed then no stimulus. Kid, on his return, must say that someone else can claim him, even if they choose not to claim him.
A simple Google search will inform you that a taxpayer who can be claimed as a dependent cannot get EIC or stimulus payments. However a student who can, but is not claimed, can get the non refundabl...
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A simple Google search will inform you that a taxpayer who can be claimed as a dependent cannot get EIC or stimulus payments. However a student who can, but is not claimed, can get the non refundable portion of the AOC.
You might have to uninstall and reinstall the program.
https://proconnect.intuit.com/community/proseries-tax-discussions/discussion/printing-problem-with-proseries-pro/00/61313
While correcting the deduction on 8 f, California still has a problem. California calculates eligibility for EIC based on the federal AGI. Since the federal AGI is reduced by the unemployment deducti...
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While correcting the deduction on 8 f, California still has a problem. California calculates eligibility for EIC based on the federal AGI. Since the federal AGI is reduced by the unemployment deduction some taxpayers will newly be eligible for CA EIC. California has not yet given any guidance about this issue.
Assuming passage of the new stimulus bill the increase in CTC applies to 2021. But the forgiveness of tax on the first 10K of unemployment income is effective for 2020 returns. Anyone have any idea h...
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Assuming passage of the new stimulus bill the increase in CTC applies to 2021. But the forgiveness of tax on the first 10K of unemployment income is effective for 2020 returns. Anyone have any idea how this will be implemented? A lot of amended returns?
TurboTax would not have allowed the stimulus had the child checked the box saying that the child could be claimed by someone else. By not doing that the child filed a fraudulent return.
The EITC increases with earned income to a point and then decreases as earnings increase. So depending on where the client is on that curve using the higher earned income might be an advantage.
