topic Tax advantages to claiming a dependent if AGI is over $1 million? in Deductions & credits

Tax advantages to claiming a dependent if AGI is over $1 million?

Anonymous — Mon, 09 Mar 2026 08:07:32 GMT

I posted a similar question previously, but my divorce decree says if my ex gets an economic benefit for claiming our son, then he gets to claim him (even though I am custodial parent); should he not receive a benefit, then I claim him. The wording is so vague I've gotten different answers from CPAs and attorneys. Like, how would I know if he's getting an economic benefit, and in time for me to then file?? And he has K-1s so he usually doesn't file until the fall. I'm aware he has to file a form, I believe 8332, along with his taxes if he claims our child because he's not the primary parent. My question is will he get any kind of tax credit, deduction, or change in filing status or tax rate for this ("any economic benefit")? His AGI last year was $1.1 million; I can't imagine he'll get any benefit from this claim.

Re: Tax advantages to claiming a dependent if AGI is over $1 million?

Bsch4477 — Sun, 13 Mar 2022 22:54:41 GMT

This was answered in your previous post.

Re: Tax advantages to claiming a dependent if AGI is over $1 million?

Anonymous — Sun, 13 Mar 2022 23:22:16 GMT

I was wondering if anyone else had another opinion as it's a vague situation.

Re: Tax advantages to claiming a dependent if AGI is over $1 million?

xmasbaby0 — Sun, 13 Mar 2022 23:33:58 GMT

You have another thread in which you received replies.

Your "ex" made too much to receive any child-related credits.

He made way too much to get earned income credit.

He made too much to get the child tax credit if he is filing a joint return and made over $400,000 or over $200,00 filing single.

He is not the custodial parent so he cannot get the childcare credit.

He made too much to get the $1400 3rd EIP payment for claiming the child:

Payments will be phased out – or reduced -- above these AGI amounts. This means taxpayers will not receive a third payment if their AGI exceeds:

$160,000 if married and filing a joint return or if filing as a qualifying widow or widower
$120,000 if filing as head of household or
$80,000 for eligible individuals using other filing statuses, such as single filers and married people filing separate returns.

That's it. You can claim your child and your "ex" is not missing out on any tax benefit he would get if you do not claim the child.

Re: Tax advantages to claiming a dependent if AGI is over $1 million?

Anonymous — Tue, 15 Mar 2022 01:58:25 GMT

Thank you so much!