Saturday, June 19, 2010

Non-residential parent and additional tax credit?

Can the non-residential parent claim a child for the additional tax credit with the proper signed form from residential parent or as a line 6 exemption only?



Thanks. I%26#039;ve looked all over the irs%26#039; site and can%26#039;t seem to find the answer to this. Maybe it%26#039;s just too early and they aren%26#039;t using plain enough English for me :P



Non-residential parent and additional tax credit?

whoever claims the child is eligible for all tax benefits including dependent, child tax credit, additional tax credit, etc.



see page 21



http://www.irs.gov/pub/irs-pdf/i1040.pdf



Non-residential parent and additional tax credit?

If you are the noncustodial parent, and you have received a Form 8332 from the custodial parent waiving the exemption, then you can take the child%26#039;s dependency exemption, the Child Tax Credit, and the Additional Child Tax Credit.



The Earned Income Credit, head of household filing status qualification, and Child and Dependent Care Credit remain with the custodial parent and cannot be assigned to the noncustodial parent.

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