Yes, if you give your ex a signed Form 8332, he will list the child as his dependent and he can claim the Child Tax Credit and dependency as the non-custodial parent. However, as the non-custodial parent with a signed Form 8332, he is not entitled to take the Earned Income or Dependent Care credits for the child on the form. He also cannot use the form to claim the Head of Household status, unless he has another qualifying child.
You, as the custodial parent retain the right to claim the Earned Income Credit, Dependent Care Credit as well as the Head of Household status. Form 8332 gives your ex the ability to claim the dependency and Child Tax Credit ONLY. @Dnaangela999
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