Can both parents claim a child as a dependent but only one claim the EIC credit since we both equally took care of him?

Basically we have 3 kids and I am allowing him to claim the EIC for two but I was wondering if I will get some type of credit for caring for them also.
  • Where do the kids spend the night the majority of the time?  You can give away exemption, child tax credit, additional child tax credit.  Only the custodial parent can get EIC and Child Care credits.
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Earned income credit can only be claimed by the parent with whom the child lived more than 1/2 of the year, whether that parent claims the child as an exemption or not.  Both parents cannot claim the same child as a dependent.
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