I have been divorced 4 years now and have 2 children from my first marriage (8 and 6). My ex-wife and I mediated our own agreement and we have joint custody of the children and i pay the equivalent of the chart amount for one child to keep the math easy each year.
The "Amount for Children" claim of $2000 was just denied to me becuase i pay child support and i cant understand this. If you have 2 kids, you can only claim for one child anyways. She claims for one, and i had claimed for the other. He claim was accepted without question, and mine has been denied. I had the same issue with Equivalent to spouse deductions in previeous tax years.
The lesson to be learned is this, and if anyone else has any info on how i should proceed, i am all ears: The issue is with the separation agreement. If you mediate your own agreement and plan to share custody of multiple kids...ensure that the agreements states that if you are paying support, it is only for ONE OF THE CHILDREN. and not the others. IF you pay even $1 in support, your claim will be denied. This is like 30K in tax benefits denied to me and all because our idiot mediator didnt alert us to this fact. Even better, each take sole custody of one of the kids. Works great if you have an amicable split..which we are now..but werent when this was all going down.
In the end, the only people who gain here are the GOVT coffers; my ex doesnt see any increased benefits. Good luck out there. you will need it.
Cheers.
The "Amount for Children" claim of $2000 was just denied to me becuase i pay child support and i cant understand this. If you have 2 kids, you can only claim for one child anyways. She claims for one, and i had claimed for the other. He claim was accepted without question, and mine has been denied. I had the same issue with Equivalent to spouse deductions in previeous tax years.
The lesson to be learned is this, and if anyone else has any info on how i should proceed, i am all ears: The issue is with the separation agreement. If you mediate your own agreement and plan to share custody of multiple kids...ensure that the agreements states that if you are paying support, it is only for ONE OF THE CHILDREN. and not the others. IF you pay even $1 in support, your claim will be denied. This is like 30K in tax benefits denied to me and all because our idiot mediator didnt alert us to this fact. Even better, each take sole custody of one of the kids. Works great if you have an amicable split..which we are now..but werent when this was all going down.
In the end, the only people who gain here are the GOVT coffers; my ex doesnt see any increased benefits. Good luck out there. you will need it.
Cheers.
Comment