2006-12-21 08:15:09 · 8 answers · asked by SM M 2 in Business & Finance ➔ Taxes ➔ United States
Nope.
2006-12-21 08:19:50 · answer #1 · answered by Ben B 3 · 0⤊ 0⤋
Child support is never deductible for the person paying it. Child support is never taxable income. A person paying child support may not automatically claim the child as a dependent.
A noncustodial parent may be able to claim a child as a dependent only if that dependency exemption is released by the custodial parent. Your tax advisor can tell you how this release is documented on your tax return.
2006-12-21 08:36:57 · answer #2 · answered by ninasgramma 7 · 1⤊ 0⤋
No you can't - child support isn't deductible to the payer, nor taxable to the recipient.
Your divorce decree might give you the right to claim deductions for the kids - if it doesn't, the deduction goes to the custodial parent even if you're paying child support, unless there's a written agreement saying you can claim them.
2006-12-21 08:49:51 · answer #3 · answered by Judy 7 · 1⤊ 0⤋
It is the person who is paying the support's income. That will be on his/her W2 at the end of the year. The support you receive is not EARNED income (meaning you did not "work" for it, the support payer did), so you cannot claim it on your taxes. The person who is raising the child and receives the income can possibly get the Earned Income Tax Credit (depending on how much money YOU made last year). The person who is claiming the support will be able to claim that earned income at the end of the year.
Hope this helps!
2006-12-21 08:26:19 · answer #4 · answered by Summer 5 · 0⤊ 2⤋
See somebody who prepares tax returns for a living, mutually with H&R Block or..... they'd answer all your questions. yet to tell you what i've got faith, no you could no longer declare on your taxes loss of earnings from no longer receiving baby help. you will would desire to ask a tax accountant approximately claiming on your tax return your scientific costs and in case you could declare what you spend on scientific coverage.
2016-12-11 13:50:14 · answer #5 · answered by ? 4 · 0⤊ 0⤋
Nope. Sorry, only alimony is deductible to the person paying it and taxable to the recipient.
2006-12-21 08:24:56 · answer #6 · answered by nova_queen_28 7 · 2⤊ 0⤋
Child support is not deductible.
Alimony is.
2006-12-21 09:30:10 · answer #7 · answered by Dave 3 · 0⤊ 0⤋
no but you can clam the kids as dependents....
2006-12-21 08:17:46 · answer #8 · answered by Anonymous · 0⤊ 2⤋