A noncustodial parent is a parent who does not have physical custody of the minor child as the result of a court order. When the child only lives with one parent, in a sole custody arrangement, then the parent which the child lives is the custodial parent while the other parent is the non-custodial parent.
Form 8332 is the form custodial parents can use to release their right to claim a child as a dependent to the non-custodial parent. The form can be used for current or future tax years. Additionally, custodial parents can use tax Form 8332 to revoke the release of this same right.
If you're the non-custodial parent this year, you don't need to file Form 8332. On my personal information summary ,eidt your child's information:
- Scroll down and specify the number of months the child lived with you, enter 9 months
- Answer yes on the question "Do you have an agreement with the child's other parent about who can claim him?"..
- Answer yes on the question "Is the other parent cliaming the child per legal agreement?.
- The next screen will display that the child doesn't as dependent but for IEC and dependent care credit only.
Stimulus payments are calculated based on the number of dependents under 17 years old.
[edited 3/2/2021 @6:19 PM]
