What Tax Benefits Does Form 8332 Give?
With a Form 8332, the non-custodial parent can claim the dependency exemption for the child and also claim the child tax credit.
With a Form 8332, the non-custodial parent can claim the dependency exemption for the child and also claim the child tax credit.
This question comes up a lot, and the answer — as always — is “maybe.”
Head of household filing status was created in 1951.
Single people who have kids may be able to save on taxes by filing as head of household. The head of household filing status provides for a tax bracket that is better than the single filing status. To qualify for head of household filing status, you must meet the following criteria: Be unmarried or “considered […]