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Can a parent give a child money without the child paying any taxes?
Wiki User
∙ 14y ago
If they're legally a child, then yes, it's a gift. If they're legally an adult, then yes, it's a gift.
Wiki User
∙ 14y ago
Generally, if a parent gives a child money (or any other gift) that is below the annual gift tax exclusion amount, which is $15,000 per year in 2021, then the child does not need to pay any taxes on that gift. However, if the gift exceeds this amount, the parent may need to file a gift tax return and potentially pay gift taxes, although there are lifetime gift tax exemptions that can help minimize or eliminate this tax burden. It is advisable to consult with a tax professional for specific advice related to individual circumstances.
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In WI can the parent paying child support demand an detailed accounting of how the placement parent spends the child support money on the child?
No.
Can an adult sue a father for not paying child support?
No, the child can not. The other parent could before the child was an adult. The money goes to the parent to use for the child and not directly to the child.
If you owe back child support and your child turns 18 who will get the money the child or the custodial parent?
The custodial parent who has had the burden of bringing up the child without the support you were meant to pay will get the funds. However if the sate has been subsidizing your child and the custodial parent when this would not have been necessary if you had payed the support you should have been paying, then the sate (taxpayer) will get the payments it is owed first.
What if parent is paying cash for child support without court order?
Bravo. Thank you for being responsible. You should consider getting money orders or bank checks so you have some record. I have seen people who paid cash get in trouble without records and end up paying twice.
Can a parent loan a college age child money?
Sure, a parent can own a child of any age money!
Can a parent sue for overpayment of child support?
I would say , Yes. The reason is , sometimes if a child graduates, the mother may not inform the paying parent that the child did not continue with higher education.So the money continues until the paying parent finds out the child is out of school for good. Usually child support stops at age 18 unless the child has continued his/her education or has special medical needs, etc etc.Tell me if this is incorrect.
Can a child stop past due child support?
No. That money is owed to the child's custodial parent.No. That money is owed to the child's custodial parent.No. That money is owed to the child's custodial parent.No. That money is owed to the child's custodial parent.
Do you have to pay back child support to child when paternity was proven after 18?
No and you pay the support to the parent not the kid. If the child is 18 there is no longer a need for child support. If someone has been paying for you and believed they were the father they can sue you for the money though.
Do you have to pay child support if custodial parent receives food stamps?
Not to that parent. Any money must go to Welfare, so contact child support enforcement to get the money diverted. If you're paying without a court order, those are not considered child support. see links below Recipients of food stamps (now SNAP) and Medicaid do not assign their child support rights to the State - this happens only for recipients of cash assistance. In any case, do not give money directly to the custodial parent/obligee unless you're willing to write it off as a gift.
where are the grant help without paying out money ?
where is the government or local city governmenthelp to repair home, without paying out money ?
Is there any way to get government money without the babys father paying child support?
If by "government money" you mean public assistance, the answer is yes, but you will have to cooperate with the State in getting a support order for the child's father.
Does each parent in a divorced situation need to be responsible for paying the school for half of the lunch money?
Generally speaking, if there is a custodial parent and a non-custodial parent (joint custody is different and each case is unique), then the non-custodial parent pays child support and that child support is supposed to be used (along with the custodial parent's contribution, because they're responsible for providing for the child too) to pay for everything that the child needs, including lunches.
