
Who is claiming the Child Tax Credit is one of many questions that can come up during the divorce process. The Child Tax Credit, a tax benefit for parents, can significantly reduce the tax burden of the parent claiming it. Determining which parent is entitled to claim the credit depends on custody arrangements, the tax code, and agreements made during the divorce process. What is the Child Tax Credit? The Child Tax Credit is a federal tax benefit that helps parents offset the costs of raising children…. Read More