Donu2019t even think of doing that! Claiming your kids as dependents on your income tax brings you more money, especially if you and your kids qualify for EIC (earned income credit). You may also qualify for child tax credit and additional child tax credit (form 8812).If you donu2019t feel comfortable doing your own taxes, get assistance from a tax preparer (they are usually offered free or low-cost around March to April in various places).