Method of making payment makes no difference...check or deduction or whatever. It is not a deductible payment or deduction on return. Paying for your children is done with after tax $s, however, they may be a dependent and provide a deduction that way.
Child support is not a deductible item on taxes. However, other options and considerations may exist. see link below
No tax credit and no tax deduction on your income tax return for child support payments.
A deduction taken out of payroll for something, reducing the income tax is applied to. Hence you get to pay that item with "pre tax" money...which is cheaper than after tax money.
A deduction taken out of payroll for something, reducing the income tax is applied to. Hence you get to pay that item with "pre tax" money...which is cheaper than after tax money.
Any person who is financial dependent upon you qualifies as a dependent.
Child support is not income to the recipient or a deduction for the payer. Spousal support, also called maintenance or alimony, is income to the recipient and deductible for the payer.
yes u will because of the child support order, but the tax return will be split between you and his ex-wife. he wont receive nothing..
In the early 90s, Judge David Grey Ross, Commissioner of the Federal Office of Child Support Enforcement issued an order to the states to modify child support guidelines to take into account tax deductions for children. You could get the deduction, but you could also end up paying more as a result.
State child support agencies may intercept tax refunds to collect past-due child support.
The State child support agency can intercept your tax refund, yes.
If a court has ordered you to pay child support, then you must pay child support. Whether or not you receive tax credits has nothing to do with it.
Child support received or paid is NOT reported on your income tax return.
Not under normal circumstances. The custodial parent does not have to claim child support as taxable income and generally the custodial parent is the one who can claim the child as a dependent deduction.