I've got 50/50 shared placement and custody am I still ?

Your divorce and child custody agreements are final, get practical tips for moving on with your life after divorce.

Re: I've got 50/50 shared placement and custody am I still ?

Unread postby Chasbo » Sun Dec 31, 2017 9:48 am

In NY the lower earner is automatically custodial parent. It's a designation not reality.

Usually the tax deduction is figured out in the divorce agreement.
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Re: I've got 50/50 shared placement and custody am I still ?

Unread postby SoxFan1986 » Fri Jan 05, 2018 4:56 pm

For Taxes. The custodial parent can transfer the dependent exception and child tax credit to the other parent using IRS form 8332. Head of household, dependent care credit and EIC stays with the custodial parent and can't be transferred.
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