Five tax benefits you need to know about:

accoutning firmsThere are five tax benefits that cannot be split on the tax return when unmarried couple is living together under one roof, dependency exemption, child tax credit, EIC, the child and dependent care credit and the head of household filing status. These benefits can be split only when the parents are separated under a divorce or separation agreement and one parent is the custodial parent. When the parents living together but are not married then only one person can claim these benefit on his tax return.

 

 

 

71 Responses to “Five tax benefits you need to know about:”

  1. I definitely think that it is good to know about these tax benefits. A friend of mine is a single mother and she hasn’t yet filed her 2011 tax return, she would love to get some money back i am going to send her link to this post. Thank you

  2. This reminds me that i still need to do my tax return for 2011. Can you give any updates. ? i am a self employed and my write off are very little so i wounder if i am missing anything, every year i end up paying more then 20K on income tax

  3. Hi, i did my taxes this year and i ama single mother with two kids, i thought my child tax credit should have need higher, could i have done something wrong?

  4. My mother live with me can i claim her as dependent. i have done my taxes myself for the past few years but never claimed my mom. This year my income went away down and i need to find ways to save on my taxes. Thank for letting me make a comment

  5. This is so little for US Americans, i think there should be more tax cuts

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