a******v
发帖数: 343 | 1 Sorry, cannot type Chinese at work.
If file jointly, we are not qualified for the $1000 child tax credit; if
separately, one person is qualified. Is filing separately better? can one
person use standard deduction and the other one use itemized deduction to
claim for the mortgage interest payment and property tax payment?
thanks |
M*******s
发帖数: 4074 | 2 这样不行：
one person use standard deduction and the other one use itemized deduction
to |
a******v
发帖数: 343 | 3 one person makes more than the other.
joint income 14K+, child tax credit = 1000 - (14K-11K)*0.05 = -500 = 0
if separately, one person's income 55K, child tax credit = 1000 - (55K-55K)*
0.05 = 1000
is this correct? |
a******v
发帖数: 343 | 4 thanks. will use standard deduction for both then.
【在 M*******s 的大作中提到】
: 这样不行：
: one person use standard deduction and the other one use itemized deduction
: to
|
G****y
发帖数: 3537 | 5 MFS can not claim dependent care credit, which if you have, could offset
some of the child tax credit.
The high income person may hit AMT if MFS.
For deductions, both should do the same.
MFS to be better or not, you need figure out by yourself. |
a******v
发帖数: 343 | 6 Can you be more specific on "The high income person may hit AMT if MFS"?
【在 G****y 的大作中提到】
: MFS can not claim dependent care credit, which if you have, could offset
: some of the child tax credit.
: The high income person may hit AMT if MFS.
: For deductions, both should do the same.
: MFS to be better or not, you need figure out by yourself.
|
