Even if you have signed as an owner-builder on the building permit: 1  you and a builder, contractor or tradesperson must enter into a written contract for domestic building work costing more than $5,000.
1 The parent who the child spends the most time with may claim the dependent. 2  If the child spends equal time between both parents, then the parent with the highest adjusted gross income may claim the dependent. 3  If only one of the taxpayers is the childâs parent, that parent may claim the dependent.
If Youâre a Married Taxpayer, Filing Separately From Your Spouse: If you and your spouse are filing separate tax returns, you can only claim one exemption. However, you may be able to claim a tax exemption for your spouse if they do not file a tax return, donât have income for the tax year and were not claimed as a dependent by another taxpayer.