Anyone familiar with tax law?

BM has always raked the money in at tax time because she claims both kids. My question is, SS turned 19 in July, 2012. He doesn't work. Is she still going to be able to pull $$$ on him as a dependent?

stormabruin's blog
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Because she's trying to hit

Because she's trying to hit DH up for an agreement to help buy SS a car. If she's pulling tax money on him she can put that toward a car.

Ruffle your feathers, did I? :?

BM's finances aren't worth my time or energy. My household finances & what we do with them are well worth my time & energy.

I sound like a broken record

I sound like a broken record on this board but KEEP YOUR MONEY SEPARATE FROM YOUR DH IF HE HAS KIDS. You will find yourself way less upset if it is not the money that you worked for flying out the window to cover xyz for the SKids.

And I certainly hope that the SS himself is expected to pay for a portion of this car and/or assume the monthly car payments.

Our money has gone into a

Our money has gone into a joint account for the last 11 years with no issue. I'm not worried about DH spending our money on his kids. We work well together & agree on what we will & will not put money out on.

I'm not sure why you feel like I'm upset about my money flying out the window.

I was simply asking for tax information so that we can consider all options & possibilities before making a decision.

sorry, storm - I may have

sorry, storm - I may have been projecting my own feelings about money onto you. I know personally that I would not feel comfortable sharing a bank account with my husband because we each have kids. I would feel terrible thinking that the CS that is supposed to be spent on my children would end up being spent on my skids.

I apologize if I offended you.

I wouldn't get your hopes up, though, about BM kicking in more for the car if she gets a big tax refund. Especially if you suggest she do that.

It's something DH would

It's something DH would probably address with SS rather than BM. He's grown. It's money that would be coming in on his name. Granted, it'll be BM's money, but he can take the suggestion to her.

I don't care whether they get a car or they don't. It's just a source they have the option to look at, but won't want to volunteer.

Why do you feel like I'm

Why do you feel like I'm holding on to anything??? :?

Where did I try to have a say in what she does with the money? I simply asked for factual information...one question.

I agree with Shouldi that you

I agree with Shouldi that you shouldn't waste your time on this - but hey, I've certainly been petty about things relating to the BM so I will tell you that if the 19 year old is in college full time, they can still be claimed as a dependent.

She can still claim his as a

She can still claim his as a dependent, but the good tax break actually stops when they hit 17. Or at least that is the way it was about 3 years ago.

Thank you

Yep,thats they way it is,you

Yep,thats they way it is,you can claim them as dependents when they are over 18 if it applies but you can only recieve EIC when they are under 17.

Thank you.

And only if they are eligible

And only if they are eligible for the EIC. I haven't gotten more than $1000 for each kid in many years because I make too much money. BM gets THOUSANDS for just SS because she doesn't work. A lil' backwards if you ask me, but whatever.

I get where you are coming from. Making an informed decision before you just give money away. Makes complete sense to me.

BM doesn't work & SS doesn't

BM doesn't work & SS doesn't work. He isn't in college. It isn't something we're really leaning toward doing. We just figured if she's pulling tax money on him DH can suggest to BM & SS that if they want to buy a car, that would be an appropriate source to pull the money from.

You know, address it with SS like, "Look, this is money that's coming in on your name. If you want a car & your mom is willing to do it, you can sacrifice the other things you'd get with it & put it toward a car".

I just wanted to get the facts straight before we approach him with it.

He doesn't need a car. He has no job to pay for insurance or to put gas in it. If they want to blow money on a car he can't afford to drive, it's no skin off my back.

I am with you on that. I

I am with you on that.

I have issues (I know they are MY issues) with BM pulling in huge tax credits for SS, when she doesn't PAY IN hardly at all. I see something wrong with this in our system. She makes the CHOICE to not work. works just enough to be able to file taxes so she CAN get the EIC and get a lump sum of money every March.

If they don't buy a car,

If they don't buy a car, they'll spend it on a week at the beach. Either way, it'll be wasted, & either way, I don't care.

When she can't pay bills after May because the money is gone, she'll cry hard times. She'll still make excuses for not working. SS still won't get a job. DH will still be the deadbeat who refuses to give handouts.

She is talking about the

She is talking about the substantial return you get when you claim a child under the age of 17, and you are eligible for the EIC credit.

One year BM made a total of $12,000 for the year, and got a $5,000 tax return because she claimed SS and got EIC credit. :? :? The system is broken.

our BM doesn't work and

our BM doesn't work and although it clearly states in the CO she claims one kid an DH claims the other (with the "special" tax form signed every year) she STILL claimed both kids for the last 14 years... except last year she got caught. I have no clue why the IRS didn't pick up on it sooner.