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Form 8332 for Detroit Michigan: What You Should Know
This is the form the IRS uses to release a claim to exemption of an eligible child by a custodial parent. You can get one from the IRS online tax service. What Does “release of claim” Mean? Release of claim to exemption of an eligible child by the noncustodial parent is the release of a right for the custodial parent to claim an exemption for the child for tax purposes. You have the right to claim the child as an exemption on your tax return for tax years starting as far back as 2024 unless, A custodial parent has filed a tax return for any prior tax year with the child. After you file your return for tax year 2024 or prior tax years, the IRS will make a determination of eligibility. That determination is sent to the noncustodial parent, and they may choose to apply for a tax benefit or challenge the IRS's determination. Once the IRS has completed a determination on the child's eligibility for an exemption, the custodial parent can be notified that they have a right to claim the child. The noncustodial parent must sign the Release of Claim to Exemption for Child by Custodial Parent within 20 days of the date on which the IRS determines the child is eligible for an exemption. If your dependent claim for the child exceeds the standard deduction, or you have excess income, you will not receive a tax benefit. The amount of child support you pay depends on the relationship between you and the child. If the noncustodial parents are of the same sex, the noncustodial mother and father will share the standard deduction for each child. As explained in IRS Publication 529 — U.S. Tax Guide for Emancipated Children, your child will be considered a qualifying child for the federal income tax exemption if he or she meets certain criteria. As the child's mother or father, you, or the custodial parents of your child, would have to file a tax return on Form 1040.5 to claim the child as a qualifying child.
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