relese child tax credit

[Phida07]

I'm divorced and claim my child on the odd years as the divorce degree states. I currently have joint custody but am the noncustodial parent and do not want to claim my child anymore. So to release/revocation my odd year claim rights do I just do a IRA Form8332 each year?

[macuser_22]

The safest way is one year at a time (8332 part I) and provide a new form each year.   It takes a full year to revoke a 8332 (part II) future years.   In other words, if something comes up and you want to revoke it, the revoke will not happen for year *after* the year that you submit part III.

Note that the 8332 only applies to the dependent and child tax credit,  The EIC and child care credit is tied to physical custody (the parent where the child actually lived more than half the year) - those can never be claimed by the non-custodial parent.