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Assuming form 8332 is filed. The divorce or separated parentexception regarding child tax credit...

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Accounting

Assuming form 8332 is filed. The divorce or separated parentexception regarding child tax credit is that the?
Custodial parent is allowed to claim the child tax credit. Thenon custodial parent claims the other related tax benifits
Noncustodial parent is allowed to claim child tax credit andadditional child tax credit. The custodial parent claims the otherchild related tax benifits
Noncustodial parent is allowed to c
Aimthe child tax credit, the custodial parent claims the otherchild related tax benifits
Parents may decide between themselves whitch child relatedbenifits to claim

Answer & Explanation Solved by verified expert
4.1 Ratings (613 Votes)
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 childrelated 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    See Answer
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Transcribed Image Text

In: AccountingAssuming form 8332 is filed. The divorce or separated parentexception regarding child tax credit is...Assuming form 8332 is filed. The divorce or separated parentexception regarding child tax credit is that the?Custodial parent is allowed to claim the child tax credit. Thenon custodial parent claims the other related tax benifitsNoncustodial parent is allowed to claim child tax credit andadditional child tax credit. The custodial parent claims the otherchild related tax benifitsNoncustodial parent is allowed to cAimthe child tax credit, the custodial parent claims the otherchild related tax benifitsParents may decide between themselves whitch child relatedbenifits to claim

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