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Lost difficult child as tax deduction
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<blockquote data-quote="rlsnights" data-source="post: 411505" data-attributes="member: 7948"><p>I expect you already know this but even if she has too much income to be claimed as a dependent for the purposes of taking an exemption you may be able to deduct any medical expenses you paid for her and for easy child. You would have to meet the 7.5% floor first of course.</p><p></p><p><a href="http://www.irs.gov/publications/p502/index.html" target="_blank">http://www.irs.gov/publications/p502/index.html</a></p><p></p><p>If you provided more than half of easy child's support and easy child didn't have more than $3650 income you may still be able to claim easy child as a qualifying relative. You'll have to check Publication 501 to make sure you can claim easy child.</p><p></p><p><a href="http://www.irs.gov/publications/p501/ar02.html#en_US_2010_publink1000220868" target="_blank">http://www.irs.gov/publications/p501/ar02.html#en_US_2010_publink1000220868</a></p><p></p><p>I feel your financial pain. Hope you don't end up owing a ton especially penalties for under-withholding.</p><p></p><p>Patricia</p></blockquote><p></p>
[QUOTE="rlsnights, post: 411505, member: 7948"] I expect you already know this but even if she has too much income to be claimed as a dependent for the purposes of taking an exemption you may be able to deduct any medical expenses you paid for her and for easy child. You would have to meet the 7.5% floor first of course. [url]http://www.irs.gov/publications/p502/index.html[/url] If you provided more than half of easy child's support and easy child didn't have more than $3650 income you may still be able to claim easy child as a qualifying relative. You'll have to check Publication 501 to make sure you can claim easy child. [url]http://www.irs.gov/publications/p501/ar02.html#en_US_2010_publink1000220868[/url] I feel your financial pain. Hope you don't end up owing a ton especially penalties for under-withholding. Patricia [/QUOTE]
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Lost difficult child as tax deduction
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