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Money and Finances
Reply to "Is Filing Head of Household selfish on my part?"
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[quote=Anonymous]I have more than 51% custody (5 days a week vs. my ex's two) so I file HOHH and take the dependent exemption and the child-care deduction. I have friends who split custody 50/50 so they trade off who gets the kid deduction. Or people with two kids will split the kids for tax deduction purposes. Or you could both do your taxes with and without the kids and see what produces the best net effect, and then money can change hands between you two. I suggested this to a friend to whom the deduction means a lot more for her than for her ex.[/quote]
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