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| *Loan,banking and credit>>>child tax |
Can I write off child support on my taxes? |
Can I write off child support on my taxes? Child Support is NOT taxable, nor deductable. the child(ren) however are. but if you both claim the children, the IRS will audit both of you. all the IRS goes by is who pays more then 50% of that childs living expenses and how long the child spends with you. you pay what? 400? 600? 900? ok, lets see... rent; 1000 electric 300 food 400-600 diapers 75-150 per month (fluctuates when baby is sick or teething) heat 300 phone/cable 100 auto; (for doctors, dentists, take to school when they miss the bus, pick up when sick, pick up medicines, get food) 200 clothing/shoes/boots 200-400 every 2 to 3 months (seasonal and they grow) that doesnt even include dental, doctors, glasses, daycare, hair cuts, school supplies, school projects, class trips, class pictures, over the counter medicines, prescriptions, laundry det, dish det, cleaners, soap, shampoo, toothpaste, christmas, easter, halloween, tooth fairy, birthdays, etc. and sooo much more. do you pay more then 50%? nope. here are the IRS links to anwer your questions. TAX INFO http://www.taxsites.com/index.htm... http://www.divorceinfo.com/taxes.htm... http://www.irs.gov/taxtopics/tc354.html... 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.irs.gov/publications/p525/ind... http://www.fms.treas.gov/faq/offsets_chi... http://money.cnn.com/2007/02/14/pf/taxes... . They told my husband no! No. A married person can't so why should you. I believe you can if you pay the largest amount of their care. Have to go to irs.com. Nope. If your the one that's paying the child support, yes you can. no |
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