What is the name of your state (only U.S. law)? NE
My question seems straightforward, but I'm getting conflicting answers from web searches. I'm in the process of a pro se divorce (both of us are pro se), 2 kids, and drafting the proposed parenting plan/decree, and who shall claim each kid on the tax returns portion. We are proposing that one parent gets one deduction/child claimed as dependent, and the other the 2nd one. We have one child in daycare and split the cost of that 50/50. My question is this: Can we both claim the child care tax credit based on the actual amount each party paid (even though the other party might be claiming the child as a dependent), or must all of the child care tax credit deductions be taken by the person claiming said child as a dependent? Is there a simple method to deal with this, in the decree?
Thanks!
My question seems straightforward, but I'm getting conflicting answers from web searches. I'm in the process of a pro se divorce (both of us are pro se), 2 kids, and drafting the proposed parenting plan/decree, and who shall claim each kid on the tax returns portion. We are proposing that one parent gets one deduction/child claimed as dependent, and the other the 2nd one. We have one child in daycare and split the cost of that 50/50. My question is this: Can we both claim the child care tax credit based on the actual amount each party paid (even though the other party might be claiming the child as a dependent), or must all of the child care tax credit deductions be taken by the person claiming said child as a dependent? Is there a simple method to deal with this, in the decree?
Thanks!