My ex and I both claimed our son on our taxes and we both took different credits. He took the Child tax credit and I took the earned income credit since neither of us used the same credit is this ok?Can each parent claim a child as a dependent but in different ways?
Only one of you can claim the child. If both of you claimed the child, you will both get letters from IRS. One of you will have to amend the tax return.
Normally custodial parent can claim the child.
Read: http://taxipay.blogspot.com/2008/03/chil鈥?/a>Can each parent claim a child as a dependent but in different ways?
Only one parent can claim the child as a dependent, and that parent gets the child tax credit. But if he lives with you but his other parent claimed him as a dependent, you can still get EIC for him, that isn't claiming him as a dependent, and yes it's OK.
Yes you are OK.
Your ex would have claimed the dependency exemption and the child tax credit. You claimed the child for EIC.
This is allowed for divorced or separated parents, when all other qualifications are met.
Only 1 person should claim a child as a dependant. What about the standard deduction for dependents? Did you both take that?