Case Study
Ronald Evans is single. His son, Harry, is 11 years old and lives with his father all the time. Ronald gave Harry's mother a Form 8332 allowing her to claim the dependency exemption for this year only.
Harry is not a qualifying child for his mother for Earned Income Credit because he did not live with her for more than half of the year. Form 8332 is a release of claim to exemption and allows the noncustodial parent the child tax credit benefit only. Only Ronald can claim Harry as a qualifying child for the Earned Income Credit, Head of Household, and Child and Dependent Care Credit.
Click here to view Ronald's completed Schedule EIC.
|
