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?s income taxes and such

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  • #6089

    So first of I just want to say hello to everyone! Im new to this site and you all have already helped answer a TON of questions that I have had. Im 21 years old, about to start my 4th year at Oklahoma State University with one more year after that. I just found out that my girlfriend is pregnant! She is 19, and in college herself. We are super excited! She is only about a 7 weeks into it.

    All of that being said, Im really surprised how quickly I have gone from a bachelor’s way of thinking to a father’s way of thinking. Im trying to figure out how I will be able to pay for this child and how I will be able to give it everything that I didn’t have.

    I have a very good secure job and I make good money for my age. Im a guest service clerk at a hampton inn and my major is Hotel Administration so I have plenty of room to go up. However I know it will be tough for the next few years with paying off student loans and such.

    One thing I havent figured out yet, is all of the dependent exemptions and income tax stuff. I know that my baby can only be claimed on one tax return. My girlfriend and I live together. Our parents still claim us as dependents on the income taxes. And we dont plan on getting married until I graduate at the very least. Im afraid that filing a joint tax return will unqualify us for sooner-care since it’s based on income. I think that it would be more benificial than a tax break, seeing as how it pays for everything medical with my girlfriend and the baby!

    Any advice is welcome for this clueless daddy-to-be!

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