OK, here's the sitation:
My ex moved in with his girlfriend in Jan of this year, and just got married. We both have 50/50 custody/access to the kids.
Previously, our arrangement was that he would pay all the child care expenses himself, on his taxes claim the kids as dependants (for that credit) and the daycare expenses, and then after he got his refund back, figure out how much of my pro-rated share was owed to him from daycare, and minused that from the amount of support he would have owed me for the year. This meant I usually got a lump sum cheque for a couple of thousand once a year.
However, now he's saying he won't be able to claim the kids as dependants any more on taxes because he is married. So far, he has paid the day care expenses this year.
My understanding is that you have to claim the dependant credit in order to claim the daycare expenses. Is this true?
Does anybody have any ideas how this support should actually be done? I read somewhere that he should estimate the amount of the childcare expenses after taxes and take that off of his salary and plug that new number into the child support tables. Does that make sense?
I'm not so fond of a lump payment, but while they are in daycare, I'm not sure how else to calculate things as I don't want to be paying a lot up front. Especially since only one of us can claim the credits on our taxes.
Any ideas would be greatly appreciated!!
My ex moved in with his girlfriend in Jan of this year, and just got married. We both have 50/50 custody/access to the kids.
Previously, our arrangement was that he would pay all the child care expenses himself, on his taxes claim the kids as dependants (for that credit) and the daycare expenses, and then after he got his refund back, figure out how much of my pro-rated share was owed to him from daycare, and minused that from the amount of support he would have owed me for the year. This meant I usually got a lump sum cheque for a couple of thousand once a year.
However, now he's saying he won't be able to claim the kids as dependants any more on taxes because he is married. So far, he has paid the day care expenses this year.
My understanding is that you have to claim the dependant credit in order to claim the daycare expenses. Is this true?
Does anybody have any ideas how this support should actually be done? I read somewhere that he should estimate the amount of the childcare expenses after taxes and take that off of his salary and plug that new number into the child support tables. Does that make sense?
I'm not so fond of a lump payment, but while they are in daycare, I'm not sure how else to calculate things as I don't want to be paying a lot up front. Especially since only one of us can claim the credits on our taxes.
Any ideas would be greatly appreciated!!
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