In order to be able to claim your child as a dependent for tax purposes, you must provide half or more of their financial support, and they must live with you for half or more of the year. There is no way for two people filing two separate returns to claim the same child as a dependent; only one person can claim that child as a dependent. The only way for both of you to claim one child as a dependent is if you were filing a joint return as a married couple.
Answered on Jan 20th, 2012 at 8:24 AM