In a Divorce Decree, one party is typically assigned the right to claim the minor child as a tax dependent for tax purposes. If this issue is not addressed in the Divorce Decree, Internal Revenue Service rules state that the person who is awarded sole physical custody (or has the child for more than 50% of the time) can claim the child as a dependent for tax purposes. If the party is awarded sole physical custody and claims the child is a dependant, he or she may also be eligible for the child tax credit.
By Farhan Hassan
October 15, 2010
When two parents are not married, it is sometimes unclear who will receive the income tax dependency exemption for their…
Under Minnesota law, for child support purposes, self-employment income is defined as: “gross receipts minus costs of goods sold minus…
The Court can also set child care support in addition to basic child support if a minor child is receiving child care as a result of the custodial parent’s work schedule and/or education schedule.
Minnesota Public Assistance & Child Support
In a typical Minnesota child support proceeding, there are two parties involved, the Mother and the Father. However, sometimes, the County in which the child…
Income and Child Support in Minnesota: What You Need to Know
In Minnesota, child support is calculated using the Minnesota Child Support Guidelines Calculator, which can be easily accessed online here. Two of the factors that…
Calculating child support isn’t easy—Are You Treated Fairly?
Imputing income to a party who is voluntarily unemployed, underemployed or employed on a less than full-time basis can be a complex task. Clients often…