Rick Merrill <RickMerrill[at]comcastTHROW.net> writes:

- quote -

Aside from the fact that there's no child "deduction," yes.
Also, you left out the child tax credit and various
education expense provisions, off the top of my head.

The tax law is very pro-procreation.

Phil

Phil Marti
Clarksburg, MD

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- quote -

Kids are not normally considered a deduction, but yes on the
other three, and we can even add one more - educational
expenses - course, that throws out the CDC unless you have
raised a genius.

Helen, EA in PA

Director, NAEA; Immediate Past President, PSEA; Tax Expert, AOL
Enrolled Agents - THE Tax Professionals

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Rick Merrill wrote:

- quote -

I would tend to answer in the negative; mainly cause I
don't know how to take the child as a deduction.
Exemption, yes of course. And that exemption results in a
subtraction/deduction of 3,100$. from income.

ChEAr$,
Harlan Lunsford, EA n LA
Sun, 16 Jan 2005

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RickMerrill[at]comcastTHROW.net posted:

- quote -

CDC? Can you possibly mean CTC -- as short for Child Tax Credit?

Then, the answer is, "Of course! "

Consider the Form 1040:

Line 6 c -- A child who is a Dependent.
Line 39 -- The child can qualify you as HOH, for a larger standard
deduction.
Line 41 -- The child earns you an exemption.
Line 51 -- The child under age 17 qualifies you for the Child Tax
Credit.
Line 65a -- The same child can be used to qualify you for the Earned
Income Credit (sometimes labeled EITC, for Earned Income Tax Credit).

Bill

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Rick Merrill wrote:

- quote -

I assume you meant to say dependency exemption, CTC, EITC
and CDC. The answer is "Yes".

--
Alan
http://taxtopics.net

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"Rick Merrill" <RickMerrill[at]comcastTHROW.net> wrote:

- quote -

More than likely.

Wayne Brasch, CPA, M. S. Taxation

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Can a person take the same child as deduction, exemption,
EITC, and CDC?

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