School

Which Parent Should Claim Child On W4

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When it comes to claiming your child as a dependent on your taxes, there are a few things to consider. The most important question to answer is: which parent should claim the child on their W4? There are a few factors to consider when making this decision. The first is […]

School

What Is The Deduction For A Child In

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The Internal Revenue Service (IRS) offers a tax deduction for children, which is based on the number of qualifying children claimed on the taxpayer’s federal income tax return. The amount of the deduction changes each year, and is based on the Child Tax Credit. For the 2017 tax year, the […]

How to

What Is A Qualifying Child For Stimulus

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In order to receive the stimulus payment, taxpayers must have a qualifying child. A qualifying child is a dependent who meets specific requirements, such as being younger than 19 years old, or a full-time student who is younger than 24 years old. The qualifying child must also have a valid […]

Education

What Is A Dependent Child

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A dependent child is a minor child who is financially and/or emotionally reliant on their parents or guardians for support. Dependent children may be either biological or adopted offspring, and may also include stepchildren and foster children. Typically, a child is legally considered a dependent until they reach the age […]

Blog

How Much For A Child Dependent

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When it comes to dependents, there are various tax deductions and credits that one can take. In order to qualify for these tax breaks, the dependent must meet certain criteria. One of the most common dependents is a child. How much one can claim for a child as a dependent […]

Blog

What Happens If Both Parents Claim Child

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When both parents claim a child, the state will get involved to determine which parent will get custody. The state will look at a number of factors, including the relationship between the parents and the child, the parents’ incomes and housing situations, and the child’s wishes, in order to make […]

Blog

What Happens If Both Parents Claim A Child

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What happens if both parents claim a child? When both parents claim a child, the matter is decided by a judge. The judge will consider a number of factors, such as which parent has been the child’s primary caregiver and which parent has been the child’s primary financial supporter. The […]