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| *Loan,banking and credit>>>child tax |
Can I claim child support I payed out every week as a deduction on my federal & state income tax returns? |
Can I claim child support I payed out every week as a deduction on my federal & state income tax returns? No, it is not tax deductible by you OR taxable income to the other parent. Only if you want to go to jail for fraud. Not deductable Nope, but you may be entitled to claim the children as dependents. it depends on your divorce decree &/or the cooperation of your former spouse. Check w/ your divorce attorney. No. Child support payments have no impact on taxes. That means that the payor cannot deduct them and the payee does not claim them as income. If any part of the child support is termed spousal support or alimony, then that portion is tax deductible. Tax prep for seven years Nope. Child support is not tax deductible. What you pay in child support though, can be used in calculating whether you have paid for more than 50% of the support for the child in determining whether you qualify for claiming the child as your dependent. No, child support is NEVER deductible. |
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