To review IRS Form 8332 this is the release or revocation of release of claim to exemption for a child by a custodial parent so a couple of things before we get into this form because it's very brief this is a form that generally is used by a custodial parent to either release their claim to a tax exemption for a child or to revoke a previous release of their claim for that exemption so a couple of questions come to mind such as what is an exemption well uh prior to tax year 2024 personal exemption used to be a deduction that you could claim on your income tax return for every member of your household to include your minor children as part of the tax cuts and job act that was passed in 2024 the deduction for personal exemptions has been suspended for uh the near future through tax year 2024. but barring any legislative changes uh to the tax law then starting in tax year 2024 the personal exemption reverts back to its previous form so as I mentioned this is a fairly brief form there's three parts to it there's part one part two part three part one is the release of claim to the exemption for a current year part two is the release of claim to exemption for future years and then part three is a revocation of a previous release to an exemption now why would you want to either release a claim or revoke the release of a claim for a personal exemption when you cannot take a tax deduction well the purpose there are a couple of purposes so in the instructions which are on the same page you'll note that there are a couple of tax credits that happen...
PDF editing your way
Complete or edit your irs form 8332 anytime and from any device using our web, desktop, and mobile apps. Create custom documents by adding smart fillable fields.
Native cloud integration
Work smarter and export form 8332 directly to your preferred cloud. Get everything you need to store, synchronize and share safely with the recipients.
All-in-one PDF converter
Convert and save your 8332 form as PDF (.pdf), presentation (.pptx), image (.jpeg), spreadsheet (.xlsx) or document (.docx). Transform it to the fillable template for one-click reusing.
Faster real-time collaboration
Invite your teammates to work with you in a single secure workspace. Manage complex workflows and remove blockers to collaborate more efficiently.
Well-organized document storage
Generate as many documents and template folders as you need. Add custom tags to your files and records for faster organization and easier access.
Strengthen security and compliance
Add an extra layer of protection to your form 8332 irs by requiring a signer to enter a password or authenticate their identity via text messages or phone calls.
Company logo & branding
Brand your communication and make your emails recognizable by adding your company’s logo. Generate error-free forms that create a more professional feel for your business.
Multiple export options
Share your files securely by selecting the method of your choice: send by email, SMS, fax, USPS, or create a link to a fillable form. Set up notifications and reminders.
Customizable eSignature workflows
Build and scale eSignature workflows with clicks, not code. Benefit from intuitive experience with role-based signing orders, built-in payments, and detailed audit trail.
Award-winning PDF software
How to prepare Form 8332
About Form 8332
Form 8332, also known as the Release/Revocation of Release of Claim to Exemption for Child by Custodial Parent, is a tax form used in the United States by divorced or separated parents to release or revoke their claim to a child's exemption. When parents are divorced or separated, typically only one parent can claim the child as a dependent on their tax return. The custodial parent, who has the child living with them for the majority of the year, is usually entitled to claim this exemption. However, the custodial parent can use Form 8332 to release their claim to the exemption and allow the noncustodial parent to claim it instead. Additionally, if the custodial parent had previously released their claim to the exemption but now wants to revoke it, they can use Form 8332 to do so. This form is required by the Internal Revenue Service (IRS) to ensure that only one parent claims the child as a dependent, avoiding any potential conflicts or double claims. It's important to note that Form 8332 is only necessary when parents are divorced, legally separated, or living apart, and both parents want to claim the child as a dependent. In situations where the parents are married and filing a joint return, or if the child is only claimed by the custodial parent, Form 8332 is not required.
What Is Form 8332?
Online technologies allow you to organize your file management and enhance the efficiency of your workflow. Look through the short tutorial in order to complete Irs Form 8332, stay away from errors and furnish it in a timely manner:
How to complete a Irs Form 8332?
On the website containing the form, click Start Now and go for the editor.
Use the clues to complete the appropriate fields.
Include your individual information and contact details.
Make certain that you choose to enter true data and numbers in correct fields.
Carefully verify the written content of the blank as well as grammar and spelling.
Refer to Help section should you have any issues or contact our Support staff.
Put an electronic signature on your Form 8332 Printable while using the assistance of Sign Tool.
Once document is done, click Done.
Distribute the prepared form by means of electronic mail or fax, print it out or download on your gadget.
PDF editor will allow you to make improvements in your Form 8332 Fill Online from any internet linked device, personalize it in accordance with your requirements, sign it electronically and distribute in several ways.