RandoReddit16 t1_jaeurm2 wrote on February 28, 2023 at 10:46 PM

This isn't true, there are the IRS rules and the who maximizes most "rules".... Whoever gets to claim the child will also qualify as Head Of Household and could potentially qualify for Earned Income Tax Credit (EITC). If you're willing to share your respective incomes here, I can explain which would benefit the most and why.

Now onto the IRS rules, whoever is providing a majority of the financial support for the child, should be claiming the child.

Losing EITC and HoH when getting married is another form of the "marriage penalty" for lower income earners.

forgottocarry0 OP t1_jaewcph wrote on February 28, 2023 at 10:57 PM

Thanks for the explanation. He makes ~130k and I make 65k from my job + an additional $4,000 from renting my condo out.

RandoReddit16 t1_jaezxdu wrote on February 28, 2023 at 11:22 PM

Okay so it really won't matter for either of you. The HoH brackets and Single brackets are the same above 24% or 89k. Him claiming kid saves an estimated $5,100, you claiming is roughly $4,300

RandoReddit16 t1_jaezz0h wrote on February 28, 2023 at 11:23 PM

This isn't accounting for how your state income tax might work, if applicable.