320 Gold SW Suite 1125 Albuquerque NM 87102 US
Shopping Cart
Your Cart is Empty
Quantity:
Subtotal
Taxes
Shipping
Total
There was an error with PayPalClick here to try again

Law Office of Jay R. Mueller Albuquerque, NM (505) 907- 4724
Focusing on Custody, Child Support, Divorce, and DWI Defense
My Blog
Blog
Who Gets to Claim the Kids for Taxes?
Posted on May 18, 2015 at 8:08 PM |
Who
Gets to Claim the Kids for Taxes? The issue comes up often. Who
gets to claim the kids for tax purposes? It’s an important question because the
answer equals big money. There are many tax benefits with respect to claiming a
qualified child as a dependent. For the calendar year of 2015, claiming one’s
child as a dependent reduces one’s taxable income by approximately $4,000.
Another possible tax benefit is the Child Tax Credit, which is worth up to
$1,000 for each child under the age of 17; bear in mind there aree certain eligibility
requirements that are based on the parent’s adjusted gross income. The final
tax benefit includes the ability to claim a credit up to approximately $2,100
for qualified child care costs. When you file separately you face a potential
problem because only one parent can ultimately claim the child. Because of this,
single parents, and married parents that are going through a divorce and choose
to file separately, often fight over who can claim the kids as a tax deduction. According to the Feds, the parent
with the most custodial time gets the tax relief. IRS Publication 501 covers exemptions,
standard deductions and filing information explains that an individual may
claim a child as a dependent on his or her tax return if the child resides with
that individual “for more than half of the year. . . .” Despite this, in New Mexico our courts
allow single parents to alternate the years that each parent can claim the
child as a dependent; provided that the parents have joint legal custody and
child support is up-to-date. This reading of the IRS regulations was highlighted
in a New Mexico Court of Appeals case, Macias v. Macias,
126 N.M. 303. In Macias, the trial court awarded Mother primary custody
of the parties’ three children, and ordered the Father to pay child support.
The court also allowed Father to claim two of the three children for tax
deduction purposes, despite the fact that Mother had primary physical custody
of the children. Mother appealed the trial court’s ruling, arguing that “. . .
federal law controls and that the court had no choice but to allow Wife, as the
custodial parent of all three children, to receive the exemptions for each
child regardless of support payments." The New Mexico Court of Appeals
ultimately upheld the trial court’s ruling, reasoning that the federal law does
not prevent a state court from alternating or distributing the right for
parents to claim children as dependents for tax purposes. In practical terms
that means that New Mexico courts are not bound by the IRS and have the legal
ability to reach a decision based on what it believes is fair, equitable and of
course what’s in the best interests of the children. This is important to know
before you walk into Court. This is general legal information. If you have further questions regarding taxes, please consult a tax professional. |
Categories: child support, family law, taxes
Post a Comment
Oops!
The words you entered did not match the given text. Please try again.
344 Comments
Loading...

Reply
fake chanel bags
6:45 AM on March 30, 2016
According to the Feds, the parent with the most custodial time gets the tax relief.

Reply
writing service review
5:51 AM on May 3, 2018
It sure is an important subject upon which you had got the attention of every person and for all of them that are concern to this problem. The person concern with tax issues is able to get a good idea to fix it.

Reply
free robux roblox
6:35 AM on July 4, 2018
you can enter the entire codding system and play cool game.

Reply
Jahon
5:54 AM on August 1, 2018
Really wonderful tips you have posted through this post, i am very happy to see your blog post online and must want to appreciate your efforts. Rubber Flooring suppliers provides safety protecation

Reply
Harley Kent
10:22 AM on August 16, 2018
Very well written article about kids taxes. I have been searching for this articles for few days.I am lucky to find it on your website.
Excellent quality Ground Reinforcement Mesh
Excellent quality Ground Reinforcement Mesh

Reply
Thomas Stanley
11:15 AM on August 16, 2018
I happy to read the article about kids taxes, this is really a unique article.I have got knowledge which i did not have before.
Shop gym flooring
Shop gym flooring

Reply
Victor E. Vogel
10:01 AM on September 12, 2018
Great article written about kids tax. I just want to say that you have made a great effort in making this post.I will share the post with my friends.
soccer scrimmage vests in colorful design
soccer scrimmage vests in colorful design

Reply
W9.pdffiller.com
4:48 PM on November 20, 2018
Being a US resident, I have to file W9 form in a timely manner, so I am ready to file it online by visiting W9.pdffiller.com

Reply
Laptop Rental New York
10:54 AM on May 7, 2019
I am really glad to see this informative post thanks for sharing.

Reply
Jill
2:31 AM on May 27, 2019
Thanks for sharing!! Everyone will surely gain a knowledge from this, carpet shampooing we can also do it in all by ourselves but its not that easy , but for the some sure and good treatment here also the wholesale products to sell from home, btw you can also visit our website https://www.cottoncare.com.sg offering services in affordable prices. Keep it up!! God bless!

Reply
proessayreviews.com
11:01 AM on June 3, 2019
This is very sensitive matter and concerned persons should get into this for proper investigations and share the details with people.

Reply
cat6 plenum
11:12 AM on June 20, 2019
Buy best USA made cat5e plenum, cat6 plenum Cables, Fiber optic Cables ,Coaxial cables and network management tools.

Reply
Jill
8:27 AM on July 2, 2019
Amazing piece. There is so many lesson to be learned from this. Thankyou for sharing this kind of work author. Randomly speaking, are you looking for a direct supplier Feel free to visit our website. Thank you and God bless!

Reply
Jill
9:17 AM on July 5, 2019
Amazing piece. There is so many lesson to be learned from this. Thankyou for sharing this kind of work author. Randomly speaking, are you looking for a wholesale market. Feel free to visit our website. Thank you and God bless!

Reply
pixel car racer story mode
12:03 PM on July 8, 2019
All types of cars are not available with a perfect combination. The use of the engine change function becomes useful in different ways and gives the cars power.

Reply
instagram viewer
10:53 AM on July 23, 2019
This content is written very well. Your use of formatting when making your points makes your observations very clear and easy to understand. Thank you.

Reply
Caroline White
8:00 AM on September 21, 2019
Thank you for sharing knowledgeable blog with us.I hope that you will share many more blog with us
We provide the Best Digital marketing which helps you interact with your audience with promoting your brand and increasing sales.We are providing the Search Engine Optimization,Email Marketing,Digital Marketing,Development Services,Search Engine Marketing,Social Media Services Etc.
www. leadscrapper.com
Text/Call :- 8933984412
Click here for more information:- Leadscrapper provides the Top Best Digital Marketing Strategy for Successful Campaigns – 8933984412
Top Best Digital Marketing Company for business promotion and grow up your business,Email Marketing,Digital Marketing,Search Engine Optimization, Development services,Search Engine Marketing,Social Media Services,Advertisement, Landing Pages,Social Bookmarking,Internet Marketing,Lead Scrapper,Web Development,Pay-Per-Click Advertising,Social Media Marketing,Content Marketing,Viral Marketing,Mobile Phone Advertising

We provide the Best Digital marketing which helps you interact with your audience with promoting your brand and increasing sales.We are providing the Search Engine Optimization,Email Marketing,Digital Marketing,Development Services,Search Engine Marketing,Social Media Services Etc.
www. leadscrapper.com
Text/Call :- 8933984412
Click here for more information:- Leadscrapper provides the Top Best Digital Marketing Strategy for Successful Campaigns – 8933984412
Top Best Digital Marketing Company for business promotion and grow up your business,Email Marketing,Digital Marketing,Search Engine Optimization, Development services,Search Engine Marketing,Social Media Services,Advertisement, Landing Pages,Social Bookmarking,Internet Marketing,Lead Scrapper,Web Development,Pay-Per-Click Advertising,Social Media Marketing,Content Marketing,Viral Marketing,Mobile Phone Advertising
Categories
- child support, family law (19)
- Advisory Consultant (1)
- taxes (3)
- same-sex couples (1)
- LGBT (1)
- property division (3)
- Grandparents (2)
- child abuse and neglect (6)
- Minor Children (6)
- legal separation (2)
- Lawyers (5)
- Parental Rights (3)
- Domestic Violence (3)
- Holidays (1)
- Experts (4)
- divorce (19)
- family law (28)
- child custody (27)
- guardian ad litem (1)
I'm a paragraph. Click once to begin entering your own content. You can change my font, size, line height, color and more by highlighting part of me and selecting the options from the toolbar.
- Home
- About Attorney Jay R. Mueller
- Family Law
- Child Custody
- Child Support Guidelines
- The Divorce Process
- What is a Guardian Ad Litem?
- DWI and Criminal Defense
- Same-Sex Couples and Families
- Domestic Violence
- Why Choose Jay R Mueller?
- Testimonials
- Family Law Blog
- Contact Us Today
- Attorney Fees
- Links
- The Initial Consultation
- Home
- About Attorney Jay R. Mueller
- Family Law
- Child Custody
- Child Support Guidelines
- The Divorce Process
- What is a Guardian Ad Litem?
- DWI and Criminal Defense
- Same-Sex Couples and Families
- Domestic Violence
- Why Choose Jay R Mueller?
- Testimonials
- Family Law Blog
- Contact Us Today
- Attorney Fees
- Links
- The Initial Consultation
/
Oops!
Oops, you forgot something.