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A kid custody agreement can have serious implications on your tax filing and your taxes overall. This concern should be addressed with your attorney or with your accountant while you are going through the approach of negotiating or litigating kid custody or a divorce agreement. Waiting until after you have finalized a kid custody agreement to investigate the tax impact is not adviseable.

State law on child custody does not dictate who gets the tax deductions. If your child custody agreement is entirely silent on this matter, the parent with primary residential or sole custody will have all of the tax rewards accessible via the youngsters. That party will be in a position to claim the young children as deductions, and so forth. This can be a important problem.

child custody disputes