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Acutally, people saying you can claim two are incorrect. You can only claim 2 for the earned income credit (EIC), but for the child tax credit there isn't a limit so long as the credit doesn't exceed your tax liability.

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12y ago
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14y ago

You will have to complete your income tax return correctly in order to determine this amount.

You are the only one that has all of the necessary information that will have to be reported on your income tax return for the year in order to do the calculation for the numbers that you are looking for.

If you would like to do some estimated tax calculations you would need to go to www.irs.gov and use the search box for 1040ES go to page 6 for the 2010 Tax Rate Schedules page 5 has the estimated tax worksheet.

You would add all of your gross taxable wages from the W-2 forms box 1 wages, salaries, tips, etc and any other net profit from other earnings that you have in your hand and that amount would be a added to all of all of your other worldwide income total and that is the amount of income that would be used to start with to calculate your estimated taxes for the year.

You can find the estimated tax worksheet and instructions by using the below enclosed information

If you would like to do some estimated tax calculations you would need to go to www.irs.gov and use the search box for 1040ES go to page 6 for the 2009 Tax Rate Schedules and page 5 for the worksheet.

http://www.irs.gov/pub/irs-pdf/f1040es.pdf

you are welcome to try any of the calculators for some estimates to get an idea of what things may look like after using the correct IRS forms and compare the numbers.

Use your search engine and type ESTIMATED TAX CALCULATORS and you will be able to find several of them that you can use for this purpose.

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13y ago

IRS Deduction

Regardless of any custody agreement, or court order the IRS has it's own definition of who the custodial parent is. Section 152(e)(4) defines custodial parent as the parent having custody for the greater portion of the calendar year and noncustodial parent as the parent who is not the custodial parent. If you feel that the mother may challenge this, or attempt to claim the child as well you can also double cover your back by having the Mom fill out form 8332, which basically says "I am the custodial parent of this child, and I am giving up my rights to claim the child this year.

The IRS rule is that if you have the child for more than half of the year, and they literally mean 183 days, you are the custodial parent.

Time spent in Day Care and/or School is deducted from the total.

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12y ago

Whatever you like if the taxes is big enoguh.

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15y ago

You can claim as many dependents that qualify, there is no limit, but thry need to meet the qualification of living in the household at least 6 months.

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15y ago

Born anytime in the reporting year. 11:59:59 on 12/31 qualifies.

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11y ago

Welfare system is not paying up in children.

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4y ago

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Q: How many days ormonths do you have a child a year to claim them on your taxes?
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Related questions

Can your mother claim your son on her taxes if you owe back child support?

To claim a child as a dependent on your taxes, the child must have lived with you and you must have provided support for over 50% of the year. So the mother in this case can claim her grandson on her taxes if she supported the child for at least 183 days out of the year, regardless of whether or not the mother of the child owes back child support.


Can a father claim child on taxes if he has the child less than 40 days out of the year the father just has visitation but never comes when he is suppose to?

No, it requires a minimum of 51% of the days.


Can a step-father claim a child that is not his on his taxes so does the real father can claim his child?

According to the IRS, the only person who can claim a child as a dependent on a tax return is a relative (to include step parents, foster parents, etc) who provided custodial support for the child for more than 50% of the year. In other words, if the child lives with you for at least 183 out of 365 days during the tax year, you can claim him/her. If the child lived with you for 182 days or less, you cannot.


What if one parent has custody of a child can the other claim the child on taxes?

== == When parents are divorced, the use of the children's exemptions is generally determined by the decree. It has nothing to do with who pays for what. The parent with whom the children reside for over 50% of the year may claim Head of Household status. At no time may both parents claim the same children in the same year on separate income tax returns. http://www.irs.gov/pub/irs-pdf/p501.pdf


Can a parent claim a child on their income tax if the child is in prison?

If the child lived with you for over 50% of the year (183 out of 365 days) then yes, you can claim the child as a dependent on your tax return, even if they don't live with you now.


Does a mother have the rite to half of the tax money if the father is filing?

When it come to parents who are in a co-parenting situation (each parent is given 50/50 custody), US tax laws states that the parent who has had the child the most days in that tax year has that right to claim the child on their taxes.


If you are late on child support can you claim the child on taxes?

yes, if you meet the requirements IRS Deduction Regardless of any custody agreement, or court order the IRS has it's own definition of who the custodial parent is. Section 152(e)(4) defines custodial parent as the parent having custody for the greater portion of the calendar year and noncustodial parent as the parent who is not the custodial parent. If you feel that the mother may challenge this, or attempt to claim the child as well you can also double cover your back by having the Mom fill out form 8332, which basically says "I am the custodial parent of this child, and I am giving up my rights to claim the child this year. The IRS rule is that if you have the child for more than half of the year, and they literally mean 183 days, you are the custodial parent. Time spent in Day Care and/or School is deducted from the total.


Can the father of my child claim the kids on his taxes if he isn't the legal guardian But pays child support but is behind in payments?

According to the IRS, the only person who can claim a child as a dependent on a tax return is a relative (to include step parents, foster parents, etc) who provided custodial support for the child for more than 50% of the year. In other words, if the child lives with you for at least 183 out of 365 days during the tax year, you can claim him/her. If the child lived with you for 182 days or less, you cannot. It does not matter if another parent is paying child support.


Who claims the child if you have joint legal custody in New York?

Whoever has physical custody of the child for more than 50% of the year (at least 183 out of 365 days) can claim the child on a tax return. If both parents have 50% custody, whoever has custody of the child on tax day (April 18th in 2011) can claim the child.


Can noncustodial parents claim kids for tax credit if custodial parent don't have a job?

Normally, the custody agreement would specify which parent could claim the child for tax. While one may expect the parents without income wouldn't care about additional deductions...for purposes of the child tax credit, income isn't needed - hence they get the credit as cash, not a deduction. The parents essentially get paid for having the children---they get back more tax from the gov't than they pay!


If you have a woman and a child living in a house that you dont live in but own and pay all of the bills can you claim the child as a dependent if no one else claims him?

According to IRS rules, only the person who physically supported the child for more than 50% of the year can claim the child as a dependent. Financial support does not count. If the child lived with you for at least 183 out of 365 days during the tax year, you can claim him/her as a dependent. If the child stayed with you less than that, you cannot.


Can you file tax exemption for child retroactively to court order?

If you can prove that you had the right to claim the child for that year, then yes. As far as the IRS is concerned, if you had physical custody of the child for 51% of the year (183 days) you had the right to the exemption.