We all live in the same state now, Ohio, and we are not sure of the law.
2007-10-07 11:52:25 · 4 answers · asked by leletanner 2 in Business & Finance ➔ Taxes ➔ United States
No, only one parent claims the child as a dependent. The right to claim the exemption goes to the parent with whom the child lived the longer period of time (which the IRS deems to be the custodial parent). If the child lived the same amount of time with both parents, the parent with the higher adjusted gross income has the right to claim the child.
The custodial parent can waive the exemption to the noncustodial parent by signing form 8332 and giving it to the noncustodial parent. The noncustodial parent needs Form 8332 (or equivalent legal papers) to claim the exemption.
2007-10-07 12:21:14 · answer #1 · answered by ninasgramma 7 · 2⤊ 0⤋
Only one person can claim any one dependent, so no they can't each claim the child. You can usually decide though which of you will claim the dependent, based on who would get the most tax benefit. If you can't agree, the exemption automatically goes to the parent that the child lived with for the most days of the year. If that's exactly equal, then the parent with the higher income gets the exemption.
To claim a child there is not a requirement that you have to have paid over half of the child,s support, only that the child didn't provide over half of his or her own support.
2007-10-07 19:05:23 · answer #2 · answered by Judy 7 · 3⤊ 0⤋
In order to claim a child as a dependent, a parent has to provide *more* than half their support. So only one parent can claim him/her.
2007-10-07 18:55:52 · answer #3 · answered by Anonymous · 0⤊ 4⤋
One should have been designated "primary" by the courts. That is the one that claims the child.
2007-10-07 19:02:37 · answer #4 · answered by Landlord 7 · 0⤊ 4⤋