According to the Federal Tax Code Section 152(e), “A custodial parent is generally entitled to the personal exemption for a qualifying child when the child: · is under the age of 19 at the end of the tax year · is under the age of 24 and a full-time student · is your biological, adopted,… Continue reading →
Posts Tagged ‘tax return’
Divorce and taxes
Divorce causes all kinds of emotions to surface – from being sad to being very angry are just two. It is a time of confusion and financial strain. However, despite this stressful time, the issue of taxes is a very important thing to consider. Unfortunately, the Internal Revenue Service does not care if you are… Continue reading →
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