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When / reasons to not claim kid as tax exemption ?
Old 03-18-2011, 05:40 AM   #1
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When / reasons to not claim kid as tax exemption ?

Claiming a child gives you a $3,650 exemption (reduction in income). However, doing so has any child interest/dividends taxed at parents rate - right ?

So if a child has more than $3,650 in taxable interest/dividends, does it ever make sense to not claim them as an exemption ?

Any other reasons to not claim a child ?

I guess if child is on your medical plan, you'd certainly want them documented as a tax dependent.
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