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| *Loan,banking and credit>>>child tax |
Do you have to claim child support payment on your taxes? |
My grandma says no and my fiance and his sister say yes. Which is it? Do you have a website to back up your claim?? Thanks, Belinda Your grandma the accountant is correct - child support is not taxable to the recipient nor deductible by the payer. Check irs.gov and key in "child support" in the search box on the upper right. Look at the first couple results - you'll get confirmation of this. You're supposed to get child support directly? That's a new one - normally it's owed to the other parent, i.e. your mom. Is there some special situation here that might make it technically something other than child support? Or are you saying that your parents' divorce decree or followup court proceedings said your dad had to pay support TO YOU, rather than to your mother for you? That would be real strange, since you'd only likely get it while you were a minor and there would almost certainly be someone, probably your mother, who would be responsible for your care and therefore be the one getting the support. If it was FOR you, but ordered to go to your mom and your dad just never paid it so is now in arrears, she would still be the one to get the back amount even if you're now an adult. I believe there is a place to list child support received. I'm not sure if you have to pay taxes on it but you do have to report it. Go to IRS.GOV for your answer. go to the irs website. you have to claim it as income- only if you actually get it. i'm court ordered to receive child support and have not had to claim it in a while because i haven't received it in forever. my ex is in arrears over $75,000. i don't know of the website to back up your fiance and his sister, but you might try the irs website. its listed in your local phone book and has lots of tips and rules. yep. gotta pay hose taxes. on the tax form instructions it says to list all income and it defines income for you. one of them is child support. ps. they know you are receiving it because they are giving the dad a deduction for child support paid and he told them it was to you. therefore they are expecting you to report it. Child support is non-taxable income, alimony is taxable income. IRS, experiance |
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