You and the child's mother have to agree who is taking the child deduction (usually the parent with custody), so the child support is probably not deductible. Consult with a CPA or tax specialist to make sure; you can refile your taxes if there is some way that the payments are deductible--but only if a CPA says you can.
Not unless you are allowed to claim the child as a dependent on your tax return. That option is generally governed by state laws.
Not unless you are allowed to claim the child as a dependent on your tax return. That option is generally governed by state laws.
Not unless you are allowed to claim the child as a dependent on your tax return. That option is generally governed by state laws.
Not unless you are allowed to claim the child as a dependent on your tax return. That option is generally governed by state laws.
No. If you are providing more than one half of the support for the child, you may be entitled to claim them on your tax return.
No, supporting your children is never tac deductible. Alimony maybe.
No, child support payments are never tax deductible.
You can deduct child support if you are the recipient.
Not unless you are allowed to claim the child as a dependent on your tax return. That option is generally governed by state laws.
Spousal support payments would not be deductible on your income tax return. Only Alimony payments would be deductible on your 1040 income tax return.
It's neither taxable, or tax deductible.
In the UK it is your responsibility to file a tax return if you think you may owe tax but you won't have to pay any tax on child maintenance payments you receive in the UK. Similarly in the US The person paying child support cannot deduct those payments on a tax return and child support is not included in the income of the person getting the payments.
No tax credit and no tax deduction on your income tax return for child support payments.
No Child support payments are neither deductible by the payer nor taxable to the payee. When you calculate your gross income to see if you are required to file a tax return, do not include child support payments received. However, alimony, separate maintenance, and similar payments from your spouse or former spouse are taxable to you in the year received:
State income tax payments are deductible on your federal income tax return. (You may deduct state income tax or sales tax, but not both.) Federal income tax payments are deductible on your state tax return in a tiny number of states.
Estimated Income tax payments are not deductible in figuring out what your taxable income is, that determines how much your actual income tax is. See, that's circular.
Keep current on your child support payments and make sure the courts are recording payments correctly.
The one receiving it does. It's tax deductible to the payer. It's also deductible prior to calculating child support.
No
NO The personal interest is never deductible on your 1040 federal income tax return
When you claim that your ex is behind in payments, the support enforcement agency will get permission to get any arrears from your ex's tax return, this is after they have already tried to get payments from them and could not.