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Income Tax Planning
Chapter 3: Fundamentals of Income Tax/SUPPORT TEST: CHILDREN OF DIVORCED PARENTS
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Chapter Study Session

Chapter 3: Fundamentals of Income Tax

SUPPORT TEST: CHILDREN OF DIVORCED PARENTS

01.Core Concepts

• For post-1984 divorce decrees, custodial parent entitled to claim child as a dependent. • Noncustodial parent may claim children as dependents if custodial parent signs a “Release of Claim to Exemption”. • If child lives with both parents an equal amount of time, the parent with the higher AGI gets to claim the child as a dependent.