Question

Assuming form 8332 is filed. The divorce or separated parent exception regarding child tax credit is that the?

Custodial parent is allowed to claim the child tax credit. The non custodial parent claims the other related tax benifits

Noncustodial parent is allowed to claim child tax credit and additional child tax credit. The custodial parent claims the other child related tax benifits

Noncustodial parent is allowed to c

Aimthe child tax credit, the custodial parent claims the other child related tax benifits

Parents may decide between themselves whitch child related benifits to claim

Answer 1

If you are the custodial parent, you can use this form to do the following. Release a claim to exemption for your child so that the noncustodial parent can claim an exemption for the child. Revoke a previous release of claim to exemption for your child.

Generally, only one person may claim all the child-related tax benefits for a child, including the dependency exemption, the child tax credit, the dependent care credit, the exclusion for dependent care benefits, head of household filing status, and the EITC The exception is the special rule for divorced or separated parents or parents who live apart for the last 6 months of the calendar year. Under this special rule, the noncustodial parent may claim the dependency exemption for a child if the custodial parent releases the exemption. Also, the noncustodial parent may claim the child tax credit if the other requirements for the child tax credit are met.

Only the custodial parent may claim the dependent care credit. Usually, only the custodial parent may claim the EITC, because the child must meet the residency test for qualifying child, that is, the child must live with the parent for more than six months of the year except for temporary absences.

In these situations, Form 8332 will not allow the noncustodial parent to claim a dependency exemption or child tax credit if the custodial parent signed Form 8332 after filing his or her own return claiming the benefit or benefits for the child, unless the custodial parent first files an amended return

The other parent is the noncustodial parent. In most cases the custodial parentmay claim the dependency exemption for the qualifying child. The noncustodial parent, however, may be entitled to claim the dependency exemption for a childand thus the child tax credit and additional child tax credit.

Splitting the tax benefits of dependents between two taxpayers. The way the tax laws are written, only one person can claim a dependent on their tax return. However, two parents may be able to both claim tax breaks associated with a child, provided the custodial parent agrees and earned income tax credit,

A parent cannot stop the other parent from seeing the children, except in rare situations.

This means that contact cannot be prevented, even in situations like these:

• A parent refuses to pay child support.
• A parent is sometimes late picking up or dropping off the children (according to what a custody agreement or a court decision says).
• A parent does not see the children regularly, even though a custody agreement or court decisionsays that this parent will see the children regularly.