Tax Planning for Divorce (Part 4-Child and Child Care Tax Credits)
Even if your ex gets the dependency exemption for the child, you can continue to claim the child-care credit for work-related expenses you incur to care for a child under age 13, if you have custody.
But only the parent who claims a child as a dependent may claim the $1,000 child tax credit.
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Related posts:
- Tax Planning for Divorce (Part 2-Exemptions for Dependents)
- Divorce and Tax Planning
- Tax Planning for Divorce (Part 1-Filing Status)
- Tax Planning for Divorce (Part 6-Asset Transfers)
- Tax Planning for Divorce (Part 5-Payments to Your Ex)
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on Tuesday, February 12th, 2013 at 2:17 pm and is filed under Divorce, Taxes.
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