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 Mark Jakubik of Pennsylvania Family Law Blog for finding this article.

This entry was posted on Sunday, March 18th, 2007 at 4:19 pm and is filed under Taxation. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.