Archive for the ‘Taxation’ Category

Changes in Tax Law and Claiming Dependents

Sunday, March 18th, 2007

Recent tax code changes may affect a parent’s ability to claim a child as a dependent for exemption purposes. The changes in the tax code attempt to account for the changing modern family structure. Consequently, the changes may impact recently divorced parents, especially those with children who spend substantial time with each parent or other family members. Bankrate.com has posted this article describing the recent changes. Thanks to