The Financial Divorce Blog » Child Dependent Exemption

Child Dependent Exemption Tax Deduction and Divorce

Dkane — Sat, 09 Jan 2010 04:22:47 +0000

For tax year 2009 and after, the rules for the Child Dependent Exemption Tax Deduction related to divorce have been changed.

The Internal Revenue Service amended the tax code related to the Child Dependency Exemption Deduction. Being able to claim the exemption for your dependent child has many significant tax advantages to the parent claiming [...]

Divorce Information Tips and Strategies to Protect Your Finances

Dkane — Mon, 07 Dec 2009 22:03:02 +0000

No one goes into their marriage thinking that they are going to have to pull things apart and pick-up the sometimes unfamiliar role of managing their finances. To some, this is what they are used to dealing with and to others, it becomes a very stressful task that is piled onto an already stressful [...]

Divorce and Claiming Your Child as a Dependent

Dakane — Sun, 07 Jun 2009 21:24:09 +0000

The ability to claim the dependent child exemption can be a significant advantage for a divorced parent. It’s important that this exemption be consciously planned for as part of the divorce process. Clearly state in your divorce decree which parent has the right to take the exemption during the year(s) of separation, the year of [...]