Sunday, August 22, 2010

My two teenage step-children moved out to their father in early 2005. Can I claim anything for tax purpose?

The answer depends on what your agreement with their father is and the amount of money each of you spent on the children.





Generally speaking, the person who provides the greater amount of support gets to claim the exemption for tax purposes. If your support agreement or divorce decree stipulates one parent or the other, generally you can use that to claim the exemption.





Other than that, you may be able to claim certain child care expenses on form 2441.My two teenage step-children moved out to their father in early 2005. Can I claim anything for tax purpose?
if it's early '05 then probably not. the deductibility is based on who had legal and financial responsibility for more of the year. Sounds like the father had it and is entitled to claim them as dependants.My two teenage step-children moved out to their father in early 2005. Can I claim anything for tax purpose?
Probably not, there are 5 tests to determine if you can claim them as dependents. (1) Relation - yes; (2) income - if under 19 on 12/31/05, yes; (3) US citizen - yes; (4) support - if you paid more than 1/2 of their support for the year then yes (but if they moved out in early '05, then probably not); (
The children have to be in your home more than 6 months for the year 2005.

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