Sentences with phrase «claiming head of household filing status»

Jane remains eligible to use the child to potentially claim head of household filing status, the earned income credit, and the credit for daycare expenses (assuming, of course, that she meets the other qualification for those things).

Can two people who live together each claim head of household filing status?

Not exact matches

Even if a taxpayer can claim the significant other as a dependent, this would not qualify the taxpayer for head of household filing status.

For example, Alex could claim both kids, head of household filing status, and all of the family's itemized deductions.

Angie would get the EIC and claim the standard deduction; Alex would claim 1 child and use head of household filing status and claim all the itemized deductions.

If you are eligible to file head of household status, which is defined as a filing status for single or considered unmarried taxpayers who keep up a home for a qualifying person, you can claim the Earned Income Credit (EIC).

However, it may be more beneficial to use Form 1040 or Form 1040A, since those forms allow taxpayers to claim «head of household» status (which typically results in a lower tax than filing as «single»), dependents, and various credits and adjustments to income.

Because claiming dependents comes with a tax exemption and other benefits — including the head of household filing status, an earned income credit and a tax credit for the child — divorced couples might find themselves arguing over who gets to claim the child on taxes.

However, the custodial parent, if eligible, or other eligible person can claim the child as a qualifying child for head of household filing status, the credit for child and dependent care expenses, the exclusion for dependent care benefits, and the earned income credit.

Also, the noncustodial parent can't claim the child as a qualifying child for head of household filing status or the earned income credit.