Saturday, June 19, 2010

Has anyone ever been advised that they can only claim two of their children on their tax return?

I have heard from an alarming amount of people that they were advised by a tax firm or someone working for them that they can only claim two of their children on their tax return?



A taxpayer may only be eligible for Earned Income Credit for two children only, but the deduction for a dependent, child tax credit, and extra child tax credit may apply...



If so, follow the links on www.irs.gov, individuals, fraud.?



imho



Has anyone ever been advised that they can only claim two of their children on their tax return?

There%26#039;s a major misunderstanding here, and it keeps coming up. You are correct, the EIC only looks at up to 2 children. But for exemptions and credits, you claim as many eligible children as you have. If you have 10 eligible kids, you claim all 10.



Either these people are misunderstanding what the tax firm people are saying, or else those tax preparers are totally incompetent.

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