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Employee
June 1, 2019
Solved

Why isn't my childs tax break showin up

  • June 1, 2019
  • 11 replies
  • 0 views
look second year in a row ive had this issue with your website
Best answer by xmasbaby0

You have been mentioning that you need to compare filing separately to filing a joint return.

If you were married at the end of 2016 your filing choices are married filing jointly or married filing separately.

Married Filing Jointly is usually better, even if one spouse had little or no income. When you file a joint return, you and your spouse will each receive the $4050 personal exemption, plus the married filing jointly standard deduction of $12,600 (add $1250 for each spouse over the age of 65).  You are eligible for more credits including education credits, earned income credit, child and dependent care credit, and a larger income limit to receive the child tax credit. 

If you choose to file married filing separately, both spouses have to file the same way—either you both itemize or you both use standard deduction. Your tax rate will be higher than on a joint return. Some of the special rules for filing separately include: you cannot get earned income credit, education credits, or deductions for student loan interest. A higher percent of your Social Security benefits may be taxable.  In many cases you will not be able to take the child and dependent care credit.  If you live in a community property state, you will be required to provide additional information regarding your spouse’s income.  If you are using online TurboTax to prepare your returns, you will need to prepare two separate returns and pay twice.

11 replies

Employee
June 1, 2019
Which tax break are you referring to?
**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
Employee
June 1, 2019
How old is the child?
Employee
June 1, 2019
I just got married last year is it because I'm trying to file separately should we jointly file our taxes?
Employee
June 1, 2019
Having a dependent
Employee
June 1, 2019
2015
Employee
June 1, 2019
In the vast majority of cases it's better to file married joint, but I'm not a tax person, so someone else will explain that part in this thread on why it's normally better, then you'll be able to better decide which approach to take.   Was the child born in 2016 or 2015?
Employee
June 1, 2019
You have to file jointly your right thanks
Employee
June 1, 2019
Keep watching the thread, and someone will hopefully explain both of those issues.   

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Employee
June 1, 2019
I figure it out thanks it's cause I wasn't filing jointly cause I'm married now
xmasbaby0Answer
Employee
June 1, 2019

You have been mentioning that you need to compare filing separately to filing a joint return.

If you were married at the end of 2016 your filing choices are married filing jointly or married filing separately.

Married Filing Jointly is usually better, even if one spouse had little or no income. When you file a joint return, you and your spouse will each receive the $4050 personal exemption, plus the married filing jointly standard deduction of $12,600 (add $1250 for each spouse over the age of 65).  You are eligible for more credits including education credits, earned income credit, child and dependent care credit, and a larger income limit to receive the child tax credit. 

If you choose to file married filing separately, both spouses have to file the same way—either you both itemize or you both use standard deduction. Your tax rate will be higher than on a joint return. Some of the special rules for filing separately include: you cannot get earned income credit, education credits, or deductions for student loan interest. A higher percent of your Social Security benefits may be taxable.  In many cases you will not be able to take the child and dependent care credit.  If you live in a community property state, you will be required to provide additional information regarding your spouse’s income.  If you are using online TurboTax to prepare your returns, you will need to prepare two separate returns and pay twice.

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**