If you have shared parenting 50/50 can each parent claim the child on taxes 6months /6months?

No.





With the IRS it is all or nothing.





Maybe you could write up an agreement and get it notorized which will state who claims the child which year.





If there is no agreement and a divorce decree states who gets the exemption, then that is what will be gone by.





If you ask the IRS they will determine that whomever had physical custody of the child on December 31 would be the one that claims the child.





Or, both of you can figure your taxes out both ways (claiming vs. not claiming) then come to an agreement to split the largest refund attributed to the child.





Very complicated and will require the two of you to reach a consensus.





Good luckIf you have shared parenting 50/50 can each parent claim the child on taxes 6months /6months?
Only one person can claim the child. . If the child lives with each of you for exactly half the year, the person with the higher AGI gets the deduction. If the child lived with one of you for more than half the year and that person provided over half his support, you get the exemption. There is a Form 8332 that one parent may sign giving the other parent the exemption. You would file a copy of that form with your return.If you have shared parenting 50/50 can each parent claim the child on taxes 6months /6months?
No you can't do that, but what you could do is take turns each year on who claims the child. One year you claim him the next year you ex claims him. Even if you have joint custody, generally one parent still has to be the primary parent. But that doesn't mean you can't come to an agreement between yourselves. For instance you claim him on all the even years and your ex claims him on all the odd years. Just get it in writing and have it notarized.
Only one can claim the child. If you really split it compelty down the middle 6months with you 6 months with the other parent I would talk to the other parent about you claiming one year and them claiming the next year. If its not completly 50 50 then whoever has child more oven main residence would claim.
no, there is no splitting a child any more...


365 days last year one of you had them one day longer...


if you cannot figure it out usually the person with the higher agi is allowed ..





i say run the numbers both ways and see where it benefits you the most
No, only one of you can claim the child. You can decide which one if you can agree - otherwise the parent the child is with the greater part of the year, even one night more, gets the exemption.
Be careful that your Federal and state taxes filed are consistent. You can't claim state without fed or vice versa. -- Not the last time I looked -- because the state will claim you are trying to cheat them.