I don't think it works like that. The $1k tax savings is purely from you being able to claim HOH status. It's not depending on your income or your ex's income. Just split it in half, or give each of your share to your daughter in form of contributing to your kid's investment account.I appreciate the emphasis on saving; we handle contributions to our kid’s accounts separately.I'd say $1,164 contribution to your daughter's Roth IRA (if she works for some income) or her investment account.
Otherwise, you can divide the $1,164 into two portions, and your ex gets to pick first.
For now, I’m in need of input on how to calculate how much I owe him.
The $1,305 tax = him paying $1,735 - me receiving a refund of $429.
Some formula of figures is needed. It could include these figures or others:
•taxable income of each
•estimated tax payments by each
•refund amounts if filing as head of household/individual
Thoughts?
Statistics: Posted by H-Town — Tue Apr 09, 2024 4:37 pm — Replies 5 — Views 396
