Searching for Why Is Child Support Not Tax Deductible information? Find all needed info by using official links provided below.
https://dadsrights.org/why-isnt-child-support-tax-deductible-or-pre-tax/
Another, public policy-related reason that child support does not incur a taxable event is because in theory child support goes only to the necessities required in providing for the children: food, clothing, and shelter. This is why things like the cost of child …
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://www.moneysense.ca/save/taxes/child-support-payments-not-tax-deductible/
Jan 13, 2017 · Amounts paid for child support are not deductible to the payor or taxable to the recipient. The logic behind the decision to make child support non-deductible and non-taxable was that there should be no direct tax advantages for supporting one’s own children …Author: Evelyn Jacks
https://www.backtaxeshelp.com/tax-blog/child-support-taxes/
Sep 28, 2011 · Child support does not qualify as taxable income by the parent who receives the payments. Neither current child support payment nor back child support payments constitutes taxable income. As such, a parent who receives child support is not required to claim that money as income on his or her federal tax return.Author: Manny Davis
https://www.answers.com/Q/Why_isnt_child_support_deductible
Child support you pay is not usually tax deductible; you would need the situation to fulfill all requirements of the child being a dependent--living with you, paying for more than half of the ...
https://www.thefirmformen.com/articles/child-support-tax-deduction/
Jun 28, 2017 · Child support is not deductible from your income, if you as the non-custodial parent are paying the children’s mother for the care, feeding, housing and Play Stationing of your children. If this makes you feel any better, your spouse does not declare the child support as income. (Though that probably will not make you feel much better.4.4/5(66)
https://www.quora.com/Why-isnt-child-support-deductible
I’ve seen where some can get a deduction for alimony but not child support. Because no taxes are paid on child support as income. Alimony is taxable to the receiver, and a deduction to the payer. Child support is merely the non-custodial parent doing his/her job and supporting the child(ren).
https://www.reddit.com/r/MensRights/comments/2qbuo3/can_someone_give_me_a_good_reason_as_to_why_child/
Dec 25, 2014 · OP is asking, why is it that any child support you pay is not tax deductible. A deductible is something that the government realizes you had no other option but to spend on. So car repairs are often deductibles and things of that sort.
https://www.hrblock.com/tax-center/filing/adjustments-and-deductions/child-support-and-dependents/
Answer. 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.liveabout.com/how-will-child-support-affect-your-taxes-1102688
Child Support is Non-Taxable Child Support payments are not taxable. The parent making the child support payment can’t deduct it from income and the parent receiving the payment does not have to claim it as income. For child support to remain non-taxable, it …
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