Searching for Can Mortgage Payments Be Deducted From Child Support information? Find all needed info by using official links provided below.
https://dadsdivorce.com/articles/ask-a-divorce-lawyer-can-a-mortgage-payment-be-considered-payment-of-child-support/
In a final support order, you should make sure the amount you pay and the credit you receive against any child support obligation are stated with specificity, lest a court later treat the mortgage payments as payments for a property settlement or spousal support rather than child support. Things are muddy when you do not have a support order.
https://www.cfli.com/what-can-be-deducted-from-my-income-for-child-support-purposes/
Jul 17, 2015 · Property tax, mortgage insurance, mandatory union dues, health insurance, some retirement contributions, usually those that are mandatory, some medical expenses and some job-related costs considered necessary all can be deducted from your income for child support purposes. Some support paid can also be deducted.Location: 429 Santa Monica Blvd #120, 90401
https://www.hsh.com/finance/mortgage/how-does-child-support-affect-mortgage-qualification.html
Jul 24, 2014 · However, if the child support (or other support) is voluntary between parties and no formal contractual obligation exists, it isn't likely to be treated as a debt since payment isn't a documented compulsory expense, but the lender may be obligated to consider it if it is disclosed.
https://www.avvo.com/legal-answers/can-my-husband-deduct-the-mortgage-payment-from-th-2347676.html
Or, if the order states he is to pay you X dollars for spousal support, Y dollars or child support and pay the mortgage and utilities until you move out he has to pay you X+Y dollars and pay the mortgage without any deduction for the mortgage.
https://sincemydivorce.com/does-child-support-count-when-applying-for-mortgage/
Mar 01, 2011 · If you want to include child support as income on a mortgage application, you'll need to prove it's been paid on time for the past year. ... Does Child Support Count When Applying For A Mortgage? March 1, ... you can make copies of checks and bank statements that show child support payments being regularly deposited.
https://www.veteransunited.com/valoans/child-support-payments-can-help-or-hurt-your-va-home-loan-chances/
Lenders can count child support payments as effective income toward a mortgage, and that can help get veterans into the price range they want. But spouses who are paying that monthly support will have that money counted as an outgoing liability by mortgage lenders.
https://www.thebalance.com/is-child-support-tax-deductible-3193029
A taxpayer could only deduct amounts paid that qualified as alimony. Because child support was not considered alimony, the person paying child support could not deduct child support payments as part of any other tax deduction.
https://eligibility.com/food-stamps/what-are-allowable-deductions-when-determining-net-income
Jan 15, 2019 · The personal care deduction does not cover animal care. Certain medical expenses for elderly and disabled members of the household can be deducted. Approved expenses include ones that are over $35 and not covered by insurance. This does not include office co-pays. Legally-owed child support payments. Court documents will be needed for documentation.
https://answers.yahoo.com/question/index?qid=20120830131921AAM7Ci4
Aug 30, 2012 · As I mentioned, I have since purchased a new home, and my mortgage payment is slightly higher than the amount I was paying in rent. My question is: When determining child support payments, do courts factor mortgage payments into their calculation? I also have student loans and health insurance that I believe can be deducted from my gross income.
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