Searching for Why Isnt Child Support 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/
Finally, and as an aside, the child support formulas of nearly all states take into account only: the gross income of both parties, the number of children, and the amount of time the children are with each parent. Rarely, if ever, do they take into account the age of the children,...
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.quora.com/Why-isnt-child-support-deductible
Now if the child support you're paying is more than half the child's expenses you can get a deduction by claiming the child as a dependent on your tax return. It's helpful to communicate with your child's other parent about this. When there's one child, some parents alternate claiming the child.
https://www.answers.com/Q/Why_isnt_child_support_deductible
A payer of child support may be able to claim the child as a dependent, but the payments are not tax deductible or count as taxable income. Asked in Child Support , Taxes and Tax Preparation ...
https://www.verywellfamily.com/common-child-support-tax-questions-2998148
Oct 25, 2019 · The flip side is that for child support payers, these child support payments are not deductible, which means the payer owes tax on the income used to fund child support payments, just like any earned income. Thus, if you pay child support for your children, you cannot deduct the child support for the purpose of adjusting your taxable income.
https://www.change.org/p/congress-make-child-support-tax-deductible-for-non-custodial-parents
Alimony and child support are by-products of divorce. However, while alimony is tax deductible, child support is not. Allowing NON-CUSTODIAL parents to deduct child care expenses that have already been taxed as earned income, may prompt non-custodial parents to be more willing and able to provide better financial support to the custodial parent than what is required by law.
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. Child support payments aren't.
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 whether living together or apart.Author: Evelyn Jacks
https://stilladad.com/child-support.htm
The effect of the child support payments is to shift tax-free income to the mother – while alimony/maintenance is tax-deductible, child support is not. Conversely, the father’s after-tax income is dramatically reduced, as can be seen in the following example. This is the hypothetical case of a middle-class family with two children.
https://boards.straightdope.com/sdmb/archive/index.php/t-484877.html
The non-custodial parent doesn't get the benefit of the tax deduction but still has to pay out of his own household to support the child. It seems like a double bonus to the custodial parent (free money + tax deduction) while a double cost to the non (support is taxed + no deduction).
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