loan,banking and credit
*Loan,banking and credit>>>child tax

How can I file child support payments on my taxes?



How can I file child support payments on my taxes?

Child support payments are not reportable on your income tax return. Just be sure the payments are not really alimony--alimony is reported on your tax return.

If you received alimony, you will find a line to report it on the income portion of form 1040. If you paid alimony, you will find a line to deduct it in the "adjustments to income" portion of form 1040. Source(s): http://www.irs.gov/faqs/faq-kw10.html...
Generally you can't deduct chlid support, although you may be able to deduct the child as a dependent.
You don't. Child support is not deductible to the payer, nor taxable to the recipient.
you can't - not reportable
i am a cpa
you have to claim the child support, but its not taxable or deductable. the children, however are deductable. there is a section in the returns for child support.

if you need help filling the papers out, the IRS can tell you where to find a local tax clinic that is supposed to help you with the papers.

http://www.irs.gov/taxtopics/tc422.html...
http://www.irs.gov/faqs/faq4-5.html...
http://www.irs.gov/localcontacts/index.h...
Tags
tax year income tax business tax car tax child tax cigarette tax corporate tax estate tax import tax inheritance tax
Related information
  • How can I file child support payments on my taxes?
  • Do you have to claim child support payment on your taxes?
  • Why does the payer of child support have to pay taxes on it?
  • What are the guide lines to claim children ad a dependant on tax return? How about foster kids?
  • Will I be able to claim my unborn child when I file my taxes?
  • Does someone receiving SS-1099 for their minor children need to file a tax return?
  • I need to get a EIN # for a child care center for my taxes, does anyone know of a way?
  • How can i cancel a perssion that i gave my child dad to do the taxes with him?
  •    

    SiteMap--Copyright/IP Policy--Contact Webmaster
    For personal non-commercial use only.