Child-Related Exemptions, Credits and Deductions

• Author: Brian C. Vertz and Mitchell E. Benson
• Pages: 125-150

CHILD-RELATED

EXEMPTIONS, CREDITS,

DEDUCTIONS

5-1

CHAPTER 5

CHILDRELATED EXEMPTIONS,

CREDITS AND DEDUCTIONS

§5.1 THE DEPENDENCY EXEMPTION

§5.1.1 Which Parent May Claim Exemption?

§5.1.1.1 Custodial Parent of Minor Children

§5.1.1.2 Parents Not Meeting Criteria

§5.1.1.3 Custody Determination

§5.1.1.3.1 Greater Number of Nights

§5.1.1.3.2 Absences

§5.1.1.3.3 Exception for a Parent Who Works at Night

§5.1.1.4 Dependent Child Over Age 18

§5.1.1.5 Proving Financial Support of Dependent Child

§5.1.2 Unmarried Parents; Paternity Actions

§5.1.3 Exceptions to the Custodial Parent Rule

§5.1.4 Waiver of Dependency Exemption by Custodial Parent

§5.1.4.1 IRS Form 8332

§5.1.4.2 Terms and Conditions

§5.1.4.3 Attachment to Tax Return

§5.1.4.4 Social Security Number Required

§5.1.4.5 Stepparent Entitlement to Dependency Exemption

§5.1.4.6 Revocation of Form 8332

§5.1.5 [Reserved]

§5.1.6 Court’s Power to Allocate Exemptions

§5.1.6.1 Alternating Annually Between Parents

§5.1.6.2 Courts Lack Power to Allocate Exemption

§5.1.7 Requirement to Execute Waiver to Allocate Dependency Exemption

§5.1.7.1 Remedy for Refusal to Execute Waiver to Allocate

§5.1.7.2 Invalidating Execution of Form 8332

§5.1.8 Modif‌ication of Allocation Order

§5.1.9 No Minimum Support Requirement

§5.1.10 The Benef‌it of the Dependency Exemption

§5.2 CHILD TAX CREDIT

§5.2.1 Code Provision (excludes special rules applicable to 2021 only)

§5.2.2 Child Tax Credit Related to Dependency Exemption

§5.2.3 Phase-Out of Child Tax Credit

§5.2.4 Advance Payments of The Child Tax Credit

CHILD-RELATED

EXEMPTIONS, CREDITS,

DEDUCTIONS

Divorce Taxation 5-2

§5.3 CHILD AND DEPENDENT CARE CREDIT

§5.4 MEDICAL EXPENSES FOR DEPENDENTS

§5.5 CARES ACT AND RECOVERY REBATES

§5.6 THE FAMILIES FIRST CORONAVIRUS RELIEF ACT

§5.7 THE AMERICAN RESCUE PLAN ACT OF 2021