answersLogoWhite

0


Best Answer

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.

User Avatar

Wiki User

11y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: What if there is no custodial parent and parents share custody evenly how do you determine who claims the child on their taxes?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

Who can file a child on there taxes if the parents was never marriage but both have joint custody who can file?

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.


Who claims the child if you have joint legal custody in New York?

Whoever has physical custody of the child for more than 50% of the year (at least 183 out of 365 days) can claim the child on a tax return. If both parents have 50% custody, whoever has custody of the child on tax day (April 18th in 2011) can claim the child.


Joint custody who claims the child on their taxes?

Sorry for the last idiot, who obviously has issues with her ex*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).


Can you claim a child on your taxes if you do not have full custody?

Maybe, but the answer has nothing to do with paying child support. Generally, when child support is ordered, the agreement also states who has residential custody of the child, and often specifies who is to take the child's exemption on income tax returns. If the order specifies who is to get the exemption and when, it is to be followed. The non-custodial parent must attach a completed Form 8332 or certain pages from the decree in order to claim the exemption. If the order is silent on who gets the exemption, only the parent with whom the child lives may use the exemption. However, if the parent with residential custody agrees to do so, s/he may give a completed Form 8332 to the non-custodial parent in order for the latter to take the exemption. Under no circumstances may the parent with whom the child does notlive use the child for the purposes of Head of Household status, the Dependent Care Credit, or the Earned Income Credit. That parent may use the child's dependency exemption to reduce taxable income and to qualify for the Child Tax Credit.


Who claims my children on taxes when there was no custody agreement until this year?

It is not the custody agreement that determines who is qualified to claim the children as a qualified child dependents on a income tax return.Go to the IRS gov web site and use the search box for Publication 17 go to chapter 3Qualifying ChildResidency Test Rule 3Children of divorced or separated parents or parents who live apart. In most cases, because of the residency test, a child of divorced or separated parents is the qualifying child of the custodial parent. However, the child will be treated as the qualifying child of the noncustodial parent if all four of the following statements are true.Custodial parent and noncustodial parent. The custodial parent is the parent with whom the child lived for the greater number of nights during the year. The other parent is the noncustodial parent.Equal number of nights. If the child lived with each parent for an equal number of nights during the year, the custodial parent is the parent with the higher adjusted gross income.You can click on the below related link for more information and examples.


Dad claims other children he does not have in child support calculation?

Does he have them 51% of the time? Regardless of any custody agreement, or court order the IRS has it's own definition of who the custodial parent is. Section 152(e)(4) defines custodial parent as the parent having custody for the greater portion of the calendar year and noncustodial parent as the parent who is not the custodial parent. If you feel that the mother may challenge this, or attempt to claim the child as well you can also double cover your back by having the Mom fill out form 8332, which basically says "I am the custodial parent of this child, and I am giving up my rights to claim the child this year. It can be found at http://www.irs.gov/pub/irs-pdf/f8332.pdf The IRS rule is that if you have the child for more than half of the year, and they literally mean 183 days, you are the custodial parent.


If child lives with higher income parent who claims on taxes every year?

The parent who is considered the custodial parent.


Sanger claims that it should be illegal for people to be parents if?

Margaret Sanger claims that it should be illegal for people to be parents if inheritable diseases such as epilepsy or insanity.


What happens if one parent claims a child then the other parent claims the same child?

It is perfectly normal for a child to have two parents, so if two parents claim the same child, they could all live together and be a family. However, if the two parents in quesiton do not like each other, then they will probably need the services of a court to decide who gets custody of the child - although they do have the option of reaching their own agreement with eachother, which might involve sharing the child in some way.


Who claims the child if you have joint legal custody in Missouri?

The one that has the child 51% of the time. see my profile


Can a noncustodial parent get custody of 17 year old child if custodial parent is mentally and verbally abusing child.?

Yes. Judges change custody of children all the time. It is good to have some data or other witnesses to back up your claims but it happens. A 17 year old child is usually old enough simply to move out of an abusive situation and into a different situation without any judge's permission. The problem is usually with child support payments.


What claims are being made for who gets custody of Michael's children?

Custody was resolved. Mrs. Jackson (Michael's Mother) gets custody. Debbie Rowe gets visitation and continued Spousal support, even though MJ is deceased, she will continue to get it anyways.