IRS Form 8332 is two forms in one – (1) a release and (2) a revocation of a release. Of what? Of the claim of exemption for a child or children, which is commonly called the child dependency exemption or child tax credit.
IRS form 8332 seems self-explanatory enough. You read it, you fill it out and you hand over the child tax credit and dependency exemption to the other parent or you revoke a prior granted release.
Do most parents know about this? No. Do most parents who come to agreements in their California child custody or child support cases for the noncustodial parent to receive the child tax credit and dependency exemption screw this up? Well, that’s why we are writing this article. To help you understand the general rules related to releasing the tax credit and dependency exemption in a California child custody and child support order and what it takes to do it right.
We are not tax lawyers or tax advisors. We are experienced divorce and family law attorneys. Should you have any tax questions, please consult with a tax professional. Should you need help with your California child custody or support case, that’s why we are here and we can help you properly secure the release of the dependency exemption and child tax credit, pursuant to IRS form 8332, in the CA court order.