Actual physical custody of a dependent child determines Head of Household status

Actual physical custody of a dependent child determines Head of Household status 2017-07-30T20:18:58+00:00

That actual physical custody of a dependent child determines Head of Household status?

The ability of either spouse to file as Head of Household can provide thousands of dollars in annual tax savings. In years prior to 2005, it was somewhat easy for both spouses to claim this tax-favored status as they saw the equal time shared with a child as qualification. Congress subsequently addressed that loophole and has imposed a tie-breaker provision when both parents split actual physical custody 50/50.

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