Can I claim my children for the earned income credit (EIC), but not as dependents, so my ex-spouse can claim them as dependents?
If you’re the custodial parent, you can release your right to claim your children as dependents. If you do so, your ex-spouse (as the noncustodial parent) can claim the exemption and child tax credit for the children.
Since you’re the custodial parent, you might be able to file as head of household. If you meet the qualifications, you can claim these credits:
- Earned Income Tax Credit (EIC)
- Child and Dependent Care Credit (Childcare Tax credit)
This is the only instance in which more than one taxpayer can claim child-related dependent benefits for the same child.
What are the tax implications if your home goes up for foreclosure? Learn more from the tax experts at H&R Block.
Does your child make more than $4,000 but still live at home? Discover if they qualify as a dependent on your taxes. Get tax answers from H&R Block.
Find out why you can itemize your taxes with advice from the tax experts at H&R Block.
Does a Pell grant count as taxable income? Learn more from the tax experts at H&R Block.