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No as it is not permanent
I just had two mortgage brokers tell me that if you received it for the last three months and there are several more years left before the child is 18, it IS income. creditinfocenter.com says, "Alimony and Child Support Income - Must be received for the 12 previous months and continue for the next 36 months. Lenders will require a divorce decree and a court printout to verify on-time payments.
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Does a loan count as income?
Yes, I believe it would count as income in the period in which it was given. So, technically, it could make the client ineligible and they may want to delay their application.
Do federal student loans count as income for tax purposes?
No. Student loans are borrowed money, and is not considered "income;" therefore, you do not include them on your taxes.
If you don't have a job can you get a car loan?
If you can not prove to the loan officer that you have a stable source of income don't count on getting the loan.
As co-borrowers do both credit scores count?
not always, in most cases whoever makes the most income is the primary borrower on the loan and the co-borrower is usually there for extra income and not their credit score.
Can you use federal financial aid as a source of income for a loan?
No, that is getting a loan with a loan. If anything it will count against your credit worthiness.
Where on a 1040a does child support income go?
It doesn't. Child support does not count as income and is not taxable for the recipient.
Does stepmother income count toward stepchilds child support?
No. The child support will be based on the father's income and his ability to pay.No. The child support will be based on the father's income and his ability to pay.No. The child support will be based on the father's income and his ability to pay.No. The child support will be based on the father's income and his ability to pay.
Can a new spouse's income be used to reduce child support payments?
if you are paying child support and have a new spouse, their income will not count toward child support unless the two of you have your own children together.
Does ex wife husbands income lower child support in ca?
husbands income does not count and is irrelevant
Does auto reimbursement count as income for child support in Florida?
Not as a part of the guidelines.
Does SSI count as income for child support?
Child support is not affected by the receipt of SSI by either the custodial parent or the child.
Does a foster care stipend count as income in a child support hearing?
I spoke with a lawyer that he said it does.
Does not receiving child support effect your section 8?
Yes, Section 8 only counts child support payments as income when they become regular. If you are not receiving the payment than they wont count it as income.
Does spouse income count in Indiana for child support?
No, unless the spouse is also a biological parent of the child.
Is the child support amount based upon the ex-spouse's household income in Arizona?
No, not the whole household's income, just the ex-spouse's income. If he/she is remarried the new spouse's income does not count. Only the biological parents pay for their child.
Does child support count towards the 25 percent as a maximum garnishment if it does not exceed the 25 percent?
No as child support can attach up to 65% of disposable income. See links below
Could you get child support from someone who is on ssi?
SSI recipients are not liable for current, ongoing child support and child support, current or past-due, cannot be withheld from SSI payments. [SSI recipients are, of course, liable for any past due child support.]
