Searching for Can You Get A Tax Deduction For Paying Child Support information? Find all needed info by using official links provided below.
https://www.hrblock.com/tax-center/filing/adjustments-and-deductions/child-support-and-dependents/
There is not a child support tax deduction available. Instead, the amount of child support you provide usually doesn’t matter. To qualify as a dependent, the child must not provide more than half of his or her own support for the year. The child must live with you more than half of the year.
https://www.thebalance.com/is-child-support-tax-deductible-3193029
When you pay child support, you effectively give that "shoe money" to your ex rather than to the shoe store, so it's not tax deductible. It doesn't matter who actually receives the money—it still goes toward paying for the housing, clothing, and other personal support needs of your child.
https://www.liveabout.com/how-will-child-support-affect-your-taxes-1102688
If you pay or receive child support, the Internal Revenue Service has a set of rules to control the deductions and exemptions that you are allowed because of the payment or receipt of the child support. The terms of your divorce settlement will determine how child support will affect your taxes
https://www.poynerspruill.com/thought-leadership/how-the-new-tax-law-changes-alimony-and-child-support/
Mar 22, 2018 · Deep within the text of the Tax Cuts and Jobs Act of 2017 (TCJA) are two provisions that will have a significant effect on both alimony and child support. Alimony. If you are already paying or receiving alimony, the changes contained in the TCJA will not affect you. Even if the provisions in your alimony agreement or court order are ...
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