loan,banking and credit
*Loan,banking and credit>>>income tax

Am I able to claim at least one of my children on my income taxes?


My ex-wife and I have been separated for over two year. Before we seperated we had an agreement drawn up that stated that we would each claim one of the children on our taxes. However, she never signed the agreement. The children live with her about 70% of the time. I pay child support which amounts to more than she makes, so obviously I am providing more that half of their support. The information that I find is since they live with her more than 50% of the time, then I can't claim them no matter how much support I give.

The fact that she never signed the agreement means you can't claim the exemption. In the absence of a contract to that effect (i.e., the unsigned agreement), this reverts to IRS law and your interpretation there, unfortunately, is also correct since they live with her 70% of the time. Also, you probably already know this, but you can't deduct the child support either.

The only way out of this I see is to try and get your ex-wife to agree to sign the agreement, which I suspect she won't do unless you offer her something. I suppose she might out of the goodness of her heart, but you know her and I don't.

I'm a CPA, so I'm pretty confident in my answers above. Source(s): Good luck and God Bless.
Yes you can claim the child. It will be a race though. You have to file taxes before she does otherwise she could claim the child and then you'll be screwed. If you have your W-2 - file ASAP!! Good Luck!!
No, your ex-wife gets all the child tax credits since she is the custodial parent.
You are correct. You cannot claim the exemptions for the children unless she voluntarily relinquishes them to you on a year-by-year basis.
Without a court approved agreement you will not be able to take the children as dependents because they did not live with you more than 50% of the time.
not true....it's the money rule that takes precedence...
Tags
tax software tax table tax tips tax year income tax business tax car tax child tax cigarette tax corporate tax
Related information
  • Am I able to claim at least one of my children on my income taxes?
  • Does anyone one know what percent they take out of a check in income taxes if you have no exemptions ?
  • My 17 year old has a job and how do i do the income taxes, do I add the money earned on mine or file?
  • If I am payed in company shares/stocks do I need to pay income taxes? If yes, then how much and at what rate?
  • How much do you have to make before you have to pay federal income taxes?
  • What can be done to stop someone from fililng your children on their income taxes without permission?
  • I worked in Missouri last year for 3 months, can I get my income taxes returned to me? I live in Texas.?
  • Is there a number to call to check the status of your income taxes?
    •    

    SiteMap--Copyright/IP Policy--Contact Webmaster
    For personal non-commercial use only.