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A kid custody agreement can have severe implications on your tax filing and your taxes general. This matter must be addressed with your attorney or with your accountant whilst you are going through the method of negotiating or litigating kid custody or a divorce agreement. Waiting until immediately after you have finalized a child custody agreement to investigate the tax influence is not adviseable.

State law on child custody does not dictate who gets the tax deductions. If your youngster custody agreement is entirely silent on this concern, the parent with primary residential or sole custody will have all of the tax rewards available by means of the young children. That party will be able to claim the kids as deductions, and so forth. This can be a important problem.

child custody disputes