Child Tax Credit follow the dependency exemption and some follow custody

Child Tax Credit follow the dependency exemption and some follow custody 2017-07-30T20:05:44+00:00

That some tax credits follow the dependency exemption and some follow custody?

The opportunity for either spouse to benefit from tax credits is very important in divorce settlements. Credits reduce tax liabilities dollar per dollar, some are refundable (where the credit is greater than the tax), and they can increase the aftertax cash flow of either spouse with proper planning.

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