Amy and Chris are divorced and have one child. Amy is the custodial parent. For 2018, Amy signs Form 8332, Release/Revocation of Release of Claim to Exemption for Child by Custodial Parent , and gives the child's exemption to Chris. Assuming all other requirements are met, which benefits may Chris claim for this dependent, and which may Amy keep?

Amy may use the head of household filing status, claim EITC, any Child and Dependent Care Credit, and the education credits. Chris gets the dependency exemption, the Child Tax Credit and any Additional Child Tax Credit.

Amy may use the head of household filing status, claim EITC, and any Child and Dependent Care Credit. Chris gets the dependency exemption, the Child Tax Credit, any Additional Child Tax Credit, and any education credits.

Chris only gets the dependency exemption and any education credits available. Amy may use the head of household filing status, claim EITC, any Child and Dependent Care Credit, the Child Tax Credit and any Additional Child Tax Credit.

Chris only gets the dependency exemption and the head of household filing status. Amy gets EITC, any Child and Dependent Care Credit, the Child Tax Credit any Additional Child Tax Credit, and any education credits.

Answer rating: 100% (QA)

As per FORM 8332 ReleaseRevocation of Release of Claim to Exempt... View the full answer