Have a Tax Question? Ask a Tax Expert
Hi. My name is ***** ***** I will be happy to help you.
Not according to IRS rules. Unless your divorce agreement states so, which would be very unusual, than no, you do not need to share your refund with the other parent.
Your refund is yours. It doesn't count towards child support.
Claiming a child does't guarantee you a refund and everybody's situation is different. So the refund is not included in child support or any other child related calculations.
I see you read my respond. Do you have any questions? Is there anything else I can help you with today?
A tax return is a complex calculation of income, deductions and credits and to calculate an actual benefit of claiming a child would require an experienced tax professional. For instance an actual benefit of a 3K deduction is different if your income is 25K or 75K. The child tax credit for somebody with 85K income would most likely result in 3K tax savings, but for somebody with 25K income could be as low as $250, depending on type of income. It is unpredictable and that's the main reason why a tax refund or actual benefit of claiming a child is not included in any child support calculation or never part of a shared parenting agreement.
Anyway, I see you offline now. So if this answered your question, please take a moment to rate my response so that I may receive credit for assisting you today. You find the rating bar on the top of the page – 5 stars. However, if you need clarification, or want to discuss this issue further, let me know. Thank you.