Taxes Q & A- If the noncustodial parent receives - E-PersonalFinance

    • If the noncustodial parent receives permission from the custodial parent to claim a child on his or her tax return, is the noncustodial parent eligible for the earned income credit?

    No. The noncustodial parent cannot claim the earned income credit for a child did not live with him or her, and therefore, does not meet the residency test. The custodial parent may be able to claim the earned income credit.

    Refer to Publication 596, Earned Income Credit, for the earned income credit rules.

    References:

    Source: www.irs.gov

    Related Answers
    More Resources
    Personal Finance Answers categories Why search the Web, when you can go straight to the best.
  • Question & Answers
  • Quizzes
    Quizzes

    Hundreds of Investing & Finance Quizzes, Including

  • Word of the Day
    Word of the Day

    Brady Bonds

    "Brady Bonds" are bonds issued by the governments of developing countries as part of a...

    Read more
    • Copyright © By unibs.co.uk All rights Reserved