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Here's what you should know about filing taxes this year and beyond as a single or divorced parent.
Claiming one or more dependents on your taxes can yield some valuable tax benefits, including the ability to claim the child tax credit and the child and dependent care tax credit. Sharing equal ...
Joint legal custody can be combined with either joint physical custody or with sole physical custody and visitation rights. In a custody order, it's common for one parent to have physical custody and the other parent to have some sort of visitation rights, but legal custody is awarded separately.
Joint custody is a form of child custody pursuant to which custody rights are awarded to both parents. [1] Joint custody may refer to joint physical custody , joint legal custody , or both combined.
The popularity of shared parenting, or equal parenting time (EPT), has increased greatly in the past ten years. In Spain in 2022, for instance, 'Due to legal reforms, equal parenting time (EPT) laws in Spain now apply to approximately 40% of all divorces.' [4] The frequency of shared parenting versus sole custody varies across countries, being most common in Scandinavia.
For example, the American Opportunity Tax Credit (AOTC) and the Lifetime Learning Credit are available if you meet the income requirements and your child meets the eligibility criteria for a ...
In joint custody, both parents are custodial parents and neither parent is a non-custodial parent. [10] With joint physical custody, terms such as "primary custodial parent" and "primary residence" have no legal meaning other than for determining tax status. [11]
A parenting plan is a child custody plan that is negotiated by parents, and which may be included in a marital separation agreement or final decree of divorce. [1] [2] Especially when a separation is acrimonious to begin with, specific agreements about who will discharge these responsibilities and when and how they are to be discharged can reduce the need for litigation.