To start with, I am going to assume that the child is the biological child of both of you and that you live together. In that case, only one person can claim all the tax benefits -- dependent exemption, child tax credit, head of household filing status (sometimes), EIC (sometimes), and dependent care credit or tax-free FSA.
The Statute IRC 501(c)(4) provides for exemption of: Civic leagues or organizations not organized for profit but operated. exclusively for the promotion of social welfare. Local associations of employees, the membership of which is limited to the. employees of a designated person or persons in a particular municipality.
On the other hand, the types of organizations below do not qualify for a charitable deduction: 1  Civic leagues, social and sports clubs, labor unions and chambers of commerce. 2  Foreign organizations (except certain Canadian, Israeli and Mexican charities). 3  For-profit organizations.