*Generally, your divorce decree will spell out who can claim the kids on their tax *returns. If you have 50/50 joint custody someone will still be the custodial parent *even though time is shared between both house holds. Generally, you take turns *claiming your kids. If you have more than one, you can alternate that way *someone always has the ability to take the child tax credit.
No - the part about the custodial parent is not true. My decree says nothing about custodial parents - they don't exist in Minnesota. With a 50/50 custody arrangement, the law says the child who was with the parent the most gets the deduction. That's federal law - doesn't say anything about custodial parent.
That of course is ridiculous, and just leads to problems. Because I make more money, I work it out with my ex, where I claim him every year, and give her a check for 1/2 of her difference (her claim with minus her claim without).
Only if you have the child 51% of the time. In doing the calculation, deduct the time the child is in day care, as the child is not in the care and possession of the parent. see links below
If the question of paternity is raised concerning a child support issue. The court will order a paternity test taken (usually DNA). The person disputing the child support order has the right to request the court to allow this action.
If your baby is not born on or before Dec. 31, 2007 then you cannot file your child on your 2007 taxes. If your baby is born on Jan. 1, 2008 then you can claim your child on your 2008 taxes that you file in April 2009
No, when I filed my taxes for my 17 yr old I didn't qualify for Child Tax Credit.
absolutely
If you have the child 51% of the time. see my profile
In what? As for taxes, the one who has the child 51% of the time claims the child. See link below for more help.
In general, the custodial parent claims the child for tax purposes. If the court does not make any orders about the tax deduction, then the custodial parent automatically claims the child as a dependent for tax purposes. The IRS income tax rules say that the parent having custody for the greater portion of the calendar year receives the deduction. If the custody time is equal, parents can switch each year who gets the deduction.
Your divorce decree should outline who gets to claim the children on their taxes. If your decree does not outline it, you will just have to come up with an agreement on your own with the other parent.
That issue is affected by state laws and court orders and separation agreements. You need to find the answer before claiming the child. In some states the working custodial parent has the right to claim the child as a dependent regardless if the non-custodial parent pays child support in recognition that the parent with custody generally spends more time and money on caring for the child.
You come to an agreement with each other; there is no form to sign. If you are amicable, you might give the credit to the one whose taxes most benefit. Form 8332 is if one of you is the custodial parent of record.
Take him to court and ask for sole custody, make sure you have documentation that he is not assisting in your daughter's needs.
The parent who is considered the custodial parent.
With the facts given...the mother is the one that would qualify under the tests, especially the support and residence ones. Which without, the grandparents don't qualify to claim the child in any case.
If the court has given costudy of the child to you and the child lives with you and you are the provider, but the other parent claims the child on his/hers taxes, this is illigal. Not only you can sue, but you need to report this person to the IRS and let them deal with him.
Generally, the parent who contributes over fifty percent of the cost of the dependent is entitled to the deduction. Both parents can end up claiming the child, which will result in a possible edit from the IRS.
The parent who qualifies under the IRS guidelines for dependents. One of such being whether or not which parent contributed more then 50% of the financial needs of the alledged dependent.