Delawaredave5
Full time employment: Posting here.
- Joined
- Dec 22, 2004
- Messages
- 699
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.
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.
