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If a person makes $100,000 a year and already claims 2 dependents,

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how much difference would it...
If a person makes $100,000 a year and already claims 2 dependents, how much difference would it make if he adds 3 more dependent
Submitted: 8 years ago.Category: Tax
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11/14/2009
Tax Professional: TaxMomNJ, Senior Tax Advisor replied 8 years ago
TaxMomNJ
TaxMomNJ, Senior Tax Advisor
Category: Tax
Satisfied Customers: 245
Experience: 7 years experience with tax preparation company, over 500 hours of tax courses taken
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Customer,

Is he married?


The two dependents he already claims - how old are they? Are they related to him (if so, HOW?)?

 

The three potential dependents - do they live with him all year? Are they related to him (if so, HOW?)? How old are they?

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Customer reply replied 8 years ago
We are engaged and have lived together for most of the year. The two dependents he claims are his daughters ages 13, and 8. If we get married now, he would be able to claim myself (full time student), my 12 year old son, and my 19 year old daughter who is also a full time student. I wondering if it would be worthwile to get married before the first of the year. His only write offs now is his daughters.
Tax Professional: TaxMomNJ, Senior Tax Advisor replied 8 years ago

Margot,

 

I do need a bit more information. How much federal tax was withheld from his W-2 so far this year. How many more paychecks will he receive this year?

 

Do you have any income?

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Customer reply replied 8 years ago
He is in Alaska right now so I don't have exact numbers. He told me he pays about 25,000 to the IRS every year and gets a $8-9,000 refund. I could probably get exact numbers but not until tonight. He has been filing short form because he doesn't have a home mortgage write off. If he could file long form, he has been told that he can write his plane tickets off, he flies to Alaska for work. Two weeks on, two weeks off.
Tax Professional: TaxMomNJ, Senior Tax Advisor replied 8 years ago

Margot,

 

I threw some round-about numbers into tax software to see how the refund would change.

 

With the estimated figures you gave me, I came up with: With 2 dependents (his children), filing Head of Household, he would get back approximately $10,306.

 

Filing a married joint return with you, claiming 4 dependents (your 2 children and his 2 children), you will receive about $18,281.

 

Please keep in mind, I am not saying your refund will be $18,281. I am showing you, without taking any possible education expenses (for you or your daughter), his refund will increase just about $8,000 if you two file a joint return and claim 4 dependents.

 

Please let me know if I can assist you further.

TaxMomNJ
TaxMomNJ, Senior Tax Advisor
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