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Re: Not quite the way I was suggesting...

Posted 5/24/2012 at 11:35:42 AM

But doesn't the IRS only allow you to claim exemptions for up to 3 or 4 children? That was my understanding... you can have 5 kids, but can only claim 3/4 of them as exemptions?

Quote:
Posted By: ChgoCPA
but since the exemption for dependent children was $ 3,700 per child that would mean he could earn $ 111,000 and NONE of it is taxable (for 2011...the exemption increases in 2012 to 3,800).

But hell...yea put those kiddies to work and that might get him those retirement benefits as well :D


 

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