For Divorced or Separated Parents, Who Claims A Child During Tax Season?
As tax season approaches, many parents look forward to a hefty tax return. However, divorced or separated parents often wonder whether they can claim their children, as only one parent can take advantage of the exemption claim per tax year. In order to shed some light on this issue, this post highlights a few ways in which many couples, or the courts, proceed to resolve this issue. Broadly speaking, arrangements are usually tied to the current custodial arrangement that is in place.