Child Tax Entitlements

Since 1984, significant tax law changes have affected divorcing parents’ tax entitlements concerning their children. In 2004, a dependency exemption for a child can result in a $3,100 exemption for a parent. The amount of exemption varies each year.

Robert Stone, CPA, ABV, CFF, is a Senior Client Services Principal at Kaufman Rossin, one of the Top 100 CPA and advisory firms in the U.S.