Tag Archives: custodial parent

Custodial Parent Rules

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 […]

How to Claim Dependents Lawfully

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 […]