Parents need to be aware of the various child dependent exemptions and credits that are available to them on their tax returns and how they might be affected by a parenting plan or divorce (separation) agreement. We all know the value of the child dependency exemption. Do not assume that the parent with the child the majority of the time gets the dependency exemption. That is not true in Colorado. Taxes are about money and …
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Posted by Jones Law Firm | Divorce, Family Law, Finances, Parental Responsibility, Tips