Who Claims Child Tax Credit For The Children

Question: Which parent claims the tax deduction for the children on their return? Answer: The dependent tax deduction has expired for 2018. There is now a $2000 Child Tax Credit per child. This credit for the children generally default to the parent who has primary custody. Even with shared custody, one of the parents has the children in their home more than the other. During a separation, there may not yet be a formal agreement on this issue. In that case, by counting these overnights on the schedule you can determine who actually had more overnights. The credit also depends upon who pays more than 50% of the child’s living… Read More

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