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| *Loan,banking and credit>>>child tax |
I pay child support to my ex wife every month. Is this a tax deduction for me on my tax return? |
I pay child support to my ex wife every month. Is this a tax deduction for me on my tax return? Child support is not deductible to the party paying it, nor is it taxable to the party receiving it Publication 525 1-800-829-1040 Source(s): Internal Revenue Service nope yes it is you should get a tax person to tell you the prociedure in doing so no. It is a parent's responsibility to support children and the cost of supporting children, whether married or divorced, is not deductible. However, one of you can still claim the child as a dependent. Your divorce decree should say who gets the deduction, but it is usually the custodial parent. Alimony can sometimes be deducted but not child support. We tried to claim child support as a tax deduction in Illinois, and the answer was "NO". Now if he had paid alimony, he could have taken that deduction. Rob is right... TAX INFO http://www.taxsites.com/index.htm... http://www.divorceinfo.com/taxes.htm... http://www.irs.gov/taxtopics/tc422.html... http://www.irs.gov/faqs/faq4-5.html... http://www.irs.gov/localcontacts/index.h... http://www.irs.gov/advocate/index.html... http://www.fms.treas.gov/faq/offsets_chi... http://www.supportcollectors.com/faq.php... |
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