EIC for TP w/2 kids who all live w/TP's parents

Collapse
X
 
  • Time
  • Show
Clear All
new posts

  • Jesse
    replied
    Originally posted by AZ-Tax
    TP w/TP's 2 kids, all live with TP's parents. TP's parents claim 2/kids as dependents on their tax return, TP claims them for EIC on TP's tax return. Anything wrong with this picture?
    Most definitely. The kids could be qualifying dependents of both the parents and the taxpayer. In that case they need to decide amongst themselves who will take the dependency deduction AND the EIC, but you can not split them. If they cannot agree you need to go through the tiebreaker rules.

    The only time you can split the dependency exemption and the EIC is if you are the custodial parent ALLOWING the noncustodial parent to take the exemption for your dependent. You either qualify for EIC or you don't - it is not something you can delegate. However, the child can be a qualifying child for more than one person, again, then you need to decide who is to take the EIC and if you can't decide the tiebreaker rules come into play.

    Leave a comment:


  • AJsTax
    replied
    Lots wrong

    How can the TP take EIC without a dependent or HOH with a non-dependent? He(she) obviously is not HOH if the parents provide enough support to claim the children over the TP.
    TP might be eligible for EIC on their own income with no dependents but not on the children.

    Leave a comment:


  • AZ-Tax
    started a topic EIC for TP w/2 kids who all live w/TP's parents

    EIC for TP w/2 kids who all live w/TP's parents

    TP w/TP's 2 kids, all live with TP's parents. TP's parents claim 2/kids as dependents on their tax return, TP claims them for EIC on TP's tax return. Anything wrong with this picture?
Working...