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A child custody agreement can have significant implications on your tax filing and your taxes overall. This matter should be addressed with your lawyer or with your accountant although you are going by means of the approach of negotiating or litigating kid custody or a divorce agreement. Waiting till right after you have finalized a youngster custody agreement to investigate the tax influence is not adviseable.

State law on kid custody does not dictate who gets the tax deductions. If your child custody agreement is completely silent on this issue, the parent with major residential or sole custody will have all of the tax positive aspects offered by means of the young children. That party will be able to claim the youngsters as deductions, and so forth. This can be a considerable problem.

child custody disputes