The child tax credit reduces a parent’s taxable income by a couple of thousand dollars per child, reducing taxable income.  Although the child tax credit is usually claimed by the parent who spends the most time with the child, aka the “custodial parent”, it is legal for the "noncustodial" parent to claim these credits if the custodial parent agrees. If the non-custodial parent is the higher earner, it may shield more of the family dollars from taxes, which can be put to better use. Working with an experienced divorce attorney can help you to make decisions that can save you money in the long term by understanding the tax implications of a divorce. Contact an experienced divorce attorney today to discuss your options today.