Tag Archives: custodial parent

A custodial parent is the parent with whom a child primarily lives. A non-custodial parent is the parent who does not have primary custody of the child. The custodial parent typically has the right to claim the child as a dependent on their tax return, and as such may be eligible for certain tax benefits […]

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Dependents

Custodial Parent Rules

April 18, 2017

For purposes of deductions and exemptions, a custodial parent can claim a child as a dependent in many cases. The tax law has very specific rules about who can qualify as a custodial parent. The following describes a specific situation in which the rules of custodial parents needed to be examined closely to determine which […]

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The dependent exemption can be quite valuable to taxpayers when they file their tax returns. Provided the dependent meets all the requirements to be considered a qualifying child or qualifying relative to the taxpayer, the filer is eligible to claim a dependent exemption. The IRS has certain rules in place as stated in the tax […]

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