New Uniform Definition of a Child

Every year, we encounter tax law changes. But, this year is one of the biggest changes due to a new uniform definition of a child (UDC). New rule requires that the definition of a qualifying child be applied once for all tax benefits. The result is that a child cannot be claimed by multiple taxpayers for different benefits. Some people knew this change by news or some other sources.

Keep it in your mind and don't be surprised. You might not get same tax benefits as last tax season.