Child Tax Credit Joint Custody
April 28th, 2008Question: Who qualifies for EIC or child tax credit?
What would they qualify for if….
The child was born Sept. ‘08. The Mom & Dad do NOT live together, but the child is listed as living with the Mom, but they have joint custody. Very good friends, just cant live together. Anyway, Mom doesn’t work, she’s a stay at home Mom (living with relatives). She will not be filing taxes so will not be claiming the baby as a dependent. Has no problem with Dad claiming the baby. Dad just makes $10.00 an hour. Would he qualify for EIC or child tax credit? What exactly is EIC?
Answer: EIC is Earned Income Credit. It’s a refundable credit for low-income taxpayers who have a qualifying child that they support, who lives with them.
Neither of you can claim the credit.
You can’t – because you have no income.
And he can’t – because the child must live with you to make you eligible.
If he provides over half the child’s support, he can claim the child as a dependent, though, which will reduce the amount of tax for him.
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