Not exact matches
A taxpayer,
spouse or
dependent can take the deduction
as long
as the person is legally responsible for repaying the loan and can not be claimed
as an exemption
on another's
tax return.
You can't claim the deduction if you're married and filing separately or if you or your
spouse is listed
as a
dependent on someone else's
tax return.
You get one allowance for each exemption you can claim
on your
tax return (yourself, your
spouse and your
dependents), but an allowance isn't the same
as an exemption.
If you or your
spouse (if married filing jointly) can be claimed
as a
dependent by someone else for the year, then you can not claim any
dependents on your own
tax return.
You (or your
spouse if filing jointly) do not qualify to be claimed
as a
dependent on another person's
tax return.
In video 2 of our «Minimizing Your
Tax Liability During and After Divorce» series, Scott Rudolph, CPA answers the question «Which spouse typically gets to claim the children as dependents on their tax return?&raq
Tax Liability During and After Divorce» series, Scott Rudolph, CPA answers the question «Which
spouse typically gets to claim the children
as dependents on their
tax return?&raq
tax return?»