For instance, in the case of miscarriage, would a fetus tax deduction granted early in the pregnancy later be disallowed? With surrogacy, would the surrogate be allowed to claim the unborn child deduction? Or would the fetus deduction be reserved for the legal parent or parents? Some common questions that have been posed by policymakers and media in response to Georgia’s law, involve situations like surrogacy and miscarriage. In addition to potential tax confusion over what counts as a dependent, fetus tax deductions raise other tax-related questions. Typically, people claim the same number of exemptions and dependents on their federal and state returns. For example, if you’re a pregnant Georgia resident and want to claim the unborn child tax deduction, the number of dependents that you would claim would vary between your federal and state tax returns. The fact that unborn children don’t qualify as dependents on your federal taxes could be confusing for some people. There is also guidance on the IRS website to help you determine whether you are eligible to claim a dependent. The IRS has different tests that can help you determine whether someone is a qualifying relative. But a qualifying dependent can also be a child of any age that is permanently or totally disabled, or a so called “qualifying relative.” Instead, rules for claiming a dependent on your federal return depend on the IRS definition of a “ qualifying dependent.” That’s typically a child under 19 years of age, or under 24 years old, if they are a full-time student. Dependent Tax Creditsįederal law doesn’t recognize a fetus as a person for tax purposes, so a fetus can’t be claimed as a dependent on your federal tax return.ġ1 Education Tax Credits and Deductions for 2022 Unborn child deductions are claimed as “other adjustments” on Line 12 of Schedule 1 of Georgia’s 2022 tax Form 500. The state’s guidance points out that this can sometimes happen as early as six weeks into a pregnancy. Under Georgia law, a doctor must determine whether a so-called “fetal heartbeat” can be detected. People in Georgia who want to claim their fetus, or fetuses, may have to submit medical records or other documentation to support the deductions. At this time, no information is available on how the unborn child deduction will apply after 2022. The Georgia Department of Revenue says that for returns filed for tax year 2022, the guidance applies to any taxpayer who has an unborn child with a detectable human heartbeat at any time on or after July 20, 2022, and through December 31, 2022. Similar measures are moving through legislatures in Tennessee, Mississippi, Florida, and South Carolina.So, under Georgia's law, the amount of the dependent personal exemption is $3,000 for each unborn child. Black women in Georgia have a maternal death rate of more than three times the unacceptably high rate for white women. “This bill further erodes the health and well-being of Georgia’s women and reveals a callous disregard for their well-established Constitutional rights.” Kemp signs this abortion ban bill into law, the ACLU has one message: we will see you in court.Georgia has one of the worst maternal death rates in the nation. In response to the passage of the bill in the House, ACLU of Georgia Executive Director Andrea Young released the following statement to FOX 5: Opponents are concerned that the bill will not stop abortions in Georgia, just force women to seek unsafe, illegal procedures. “So the human being inside of us is above that choice for abortion. “I believe that humanity supersedes choice,” said Jessica Daniel with Georgia Life Alliance. The Senate’s version passed by a 34-18 vote last Friday, but the changes approved by the Senate had to be approved and reconciled in the House.īoth sides have been making their voices heard at the State Capitol throughout the process. RELATED: 'Heartbeat bill' passes Georgia Senate 34-18 The bill makes exceptions in the case of rape and incest, but only when the woman files a police report first, as well as when a fetus is deemed not compatible with life. Women in Georgia can currently seek an abortion up to 20 weeks into a pregnancy. House Bill 481 would ban most abortions after a fetal heartbeat is detected, which is around six weeks of gestation. Together, we will ensure that all Georgians are safe and have the opportunity to live, grow, learn, and prosper.” We must work to ease the adoption process, find loving homes for those in our foster care system, and protect the aging and vulnerable. Our efforts to protect life do not end here. I thank these lawmakers for their leadership and applaud their undeniable courage. The legislature’s bold action reaffirms our priorities and who we are as a state. We stand up for the innocent and speak for those who cannot speak for themselves.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |