With a Form 8332, the non-custodial parent can claim the dependency exemption for the child and also claim the child tax credit.
This question comes up a lot, and the answer -- as always -- is "maybe."
Head of household filing status was created in 1951.
The term "head of household" refers to a filing status on a tax return available to unmarried people caring for children or parents. In simple terms, head of household creates a standard deduction and a tax bracket that is halfway between the single and married filing jointly filing statuses. Here are the requirements for filing as [...]