Deductions & credits

@Hal_Al 

I have tried that but was not eligible to do a form 8332 because we are both custodial parents and live with the dependents full time, split expenses and split mortgage. According to the TurboTax software. 

 

The only reason we file married but separate is for the significant savings we save because of her student loan. Our financial advisor ran the numbers and the tax disadvantages are worth it to us.

 

We each want to claim a child to take advantage of FSA dependent accounts. @xmasbaby0 Advised to just take off one child from each return in the myinfo section, so we do not run into the software always assigning it to the highest earner.