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Old 01-19-2011, 08:35 PM
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echoes long ago echoes long ago is offline
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Join Date: May 2008
Location: new york
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echoes long ago echoes long ago is offline
Senior Member
echoes long ago's Avatar
 
Join Date: May 2008
Location: new york
Posts: 1,589
15 yr Member
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your childrens backpay gets credited to them not you. for each child if half their backpay plus their other income is less than $25,000 then no portion of that childs backpay is taxable.

you can also spread out your backpay over the years it applies to if it results in your paying a lower tax.

http://www.irs.gov/publications/p915...blink100097893
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