RandoReddit16
RandoReddit16 t1_jaezxdu wrote
Reply to comment by forgottocarry0 in How should my partner and I split child dependent tax benefits? by forgottocarry0
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_jaeurm2 wrote
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.
RandoReddit16 t1_jaezz0h wrote
Reply to comment by forgottocarry0 in How should my partner and I split child dependent tax benefits? by forgottocarry0
This isn't accounting for how your state income tax might work, if applicable.