So I did a preliminary guesstimate of my tax return last night, and was astounded at the refund I can get back filing as a separated mom instead of a married one. Suddenly, I get a full eligible dependent credit, instead of subtracting his meagre income from the spousal amount, and I can claim full child care expenses, instead of the deduction being totally unusable due to his teensy income. It's making a huge difference!
I have full custody, and get no child support. No spousal support is paid to him.
Before I start laughing all the way to the bank (to pay down my mortgage!), am I doing something wrong??
I have full custody, and get no child support. No spousal support is paid to him.
Before I start laughing all the way to the bank (to pay down my mortgage!), am I doing something wrong??
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