How do Dependency Exemptions Work in a Divorce?
- Under the tax code, the parent who has custody has the right to claim the children as dependents
- In many instances, the parent’s negotiate an outcome based upon available tax credits, a parent’s ability to earn a higher tax refund, and the consideration of how much support is being paid
- This is an issue that has some significant impact to the party’s finances each year
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This informational video was provided by Jean Mahserjian, an experienced New York Spousal Support Lawyer.
