The IRS Tax Form 8332 is available online for printing on the IRS website, IRS.gov. Search for the form and upon opening it under the current products, click on the print option.
Custodial parents use Form 8332 to release a claim to exemption for a child so that a noncustodial parent can claim an exemption for the child, according to IRS. It is also used to revoke a previous release to an exemption of the child
Form 8332 gives a noncustodial parent additional child tax credit and barring a custodial parent from filing as the head of the household which means forfeiting higher standard deduction and lower tax rates on the income, explains Intuit Turbotax.