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Form 8332 benefits

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    Form 8332 benefits

    It is my understanding that the non-custodial parent is only entitled to the exemption and child tax credit ( if qualified). All other credits i.e. HOH, EIC, dependent care, etc. can only be claimed by the custodial parent. Thanks in advance

    #2
    Is there a specific question?

    The non-custodial parent also gets the education credits. Medical deductions, which would rarely satisfy the 7.5% floor, can be taken by whichever parent paid them.

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      #3
      Sorry

      Is my understanding correct?

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        #4
        Yes it is. Except for the "etc." part. That is too vague. As Gary mentioned, Education credits go with the dependency exemption.
        Last edited by dtlee; 03-21-2012, 09:54 AM.
        Doug

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