Search results
Results from the WOW.Com Content Network
IRS Form 8332 Release/Revocation of Release of Claim to Exemption for Child by Custodial Parent transfers the right to claim the designated child as a dependent for the tax year to the ...
To claim a child on taxes as a non-custodial parent, you need to complete and submit Form 8332, signed by the custodial parent, granting you the right to claim the child as a dependent. Can both ...
Custodial parents can formally release their right to claim a child as a dependent by filling out Form 8332, ... Deciding who can claim a child on taxes with 50/50 custody can be tricky if you ...
Section 152 of the code contains nuanced requirements that must be met before a taxpayer can claim another as a dependent for personal exemption purposes. The general rule is that a personal exemption may be taken for a dependent that is either a qualifying child or a qualifying relative. § 152(a). However, there are several exceptions to this ...
This is one of the top tax questions every year since it can be difficult to apply the rules to different living situations.
The taxpayer's home was the main home of his or her child, stepchild, or foster child for more than half the year. The taxpayer must be able to claim an exemption for the child. However, this test is still met if the only reason that the taxpayer cannot claim the child's exemption is that the noncustodial parent is claiming the exemption (under ...
Here's what you should know about filing taxes this year and beyond as a single or divorced parent.
The IRS defines two types of people that you can claim as a dependent on your taxes: “qualifying children” and “qualifying relatives.” ... For starters, for each eligible dependent child ...