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It's neither taxable, or tax deductible.

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15y ago

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Related Questions

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.


Can parent paying child support use as deduct from income Section 8 housing?

No, parents paying child support cannot deduct those payments from their income when determining eligibility for Section 8 housing. Child support payments are considered part of the recipient's income, and the paying parent's income is assessed in full. Therefore, both the payer and recipient must report child support payments when calculating income for housing assistance.


Do you need to put the payments you received for child support on your income taxes?

No.


Is child and spousal payments protected from garnishment in AZ?

only child support. Spousal support is taxable income.


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.


How often are you supposed to receive child support payments?

Generally, child support payments coincide with the frequency that the obligor receives income. How quickly the obligee receives those payments is a function of how efficient the payor of income is in forwarding them to the State and how efficient the State is in distributing them.


Do you get tax credits if you pay child support?

No tax credit and no tax deduction on your income tax return for child support payments.


Is your roommate's income viable for child custody?

No. The roommate is not related to you in any legal sense, therefore their income does not come into the picture when figuring your means of child support payments or the receiving of such payments thereof.


Do you pay taxes on child support if you have a high income bracket?

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:


Is receiving child support considered income?

Presuming you mean for taxes...as for lenders and such the answer may be different. No. Child support payments are neither deductible by the payor nor taxable to the payee. When you total your gross income to see if you are required to file a tax return, do not include child support payments received.


Can court force a person to get a job if they can afford child support payments without one?

Child support is based on net income. The courts can require the obligor to look for work if they decide that his non-work income is not sufficient to support the child.


Is nontaxable military benefits included in child support payments?

In calculating child support, all income is considered (except for public assistance or SSI).

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