Join Early Retirement Today
Thread Tools Search this Thread Display Modes
When / reasons to not claim kid as tax exemption ?
Old 03-18-2011, 05:40 AM   #1
Full time employment: Posting here.
Delawaredave5's Avatar
Join Date: Dec 2004
Posts: 597
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.
Delawaredave5 is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

Similar Threads
Thread Thread Starter Forum Replies Last Post
Mixed Use Property - Capital Gains Exemption inquisitive FIRE and Money 10 12-24-2010 05:20 PM
Property Tax Exemption- Age 65 mickeyd FIRE and Money 3 07-31-2010 08:40 AM
Replacing ETF Portfolio with Stocks/Bonds (for International Tax Reasons) cvc8445 Stock Picking and Market Strategy 7 06-16-2010 09:25 PM
Home Sale Tax Exemption cozumel86 FIRE and Money 2 04-20-2009 02:35 PM
land trust/LLC/homestead exemption illfittingshirt Other topics 4 05-14-2007 10:09 PM


All times are GMT -6. The time now is 01:49 PM.
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2016, vBulletin Solutions, Inc.