Shared Custody, Shared Credits? How the IRS Sees 50/50
In a true 50/50 custody year, the IRS doesn’t let both parents claim the same child. The tie-breaker rule awards the child to one parent—if overnight time is exactly equal, the win goes to the parent with the higher AGI. Private “alternating years” deals don’t override this if both file. IRS+1 The tie-breaker rule in … Read more