2007-01-02 02:03:09 · 11 answers · asked by jocelyn26 1 in Business & Finance ➔ Taxes ➔ United States
yes you do, but its not taxible, and not a write off. the kids, however can be listed as dependents.
this'll help...
http://www.irs.gov/faqs/faq4-5.html
2007-01-03 18:34:27 · answer #1 · answered by Yvette B yvetteb 6 · 0⤊ 2⤋
Child support is not listed and should not be taxed. However, if you receive alimony as part of a divorce decree/document, then you must include this as income.
2007-01-02 10:22:08 · answer #2 · answered by Country Boy 5 · 1⤊ 0⤋
No, you do not report child support as income on your tax return.
You do have to report alimony as income on your tax return.
2007-01-02 22:57:06 · answer #3 · answered by raindrop 4 · 1⤊ 0⤋
Child support is neither taxable nor deductible on your US federal income tax return. Alimony, on the other hand, is.
2007-01-02 10:10:48 · answer #4 · answered by Mr. Zimmer 3 · 3⤊ 0⤋
If you are the recipient of child support NO, it is NOT listed as income. If you receive spousal support, however, then that is listed.
mb
2007-01-02 10:10:38 · answer #5 · answered by Anonymous · 4⤊ 0⤋
Does anyone other than me find it scary that people ask questions here and rely on the answers, yet almost half of the answers to this very simple tax question are wrong?
2007-01-03 00:17:14 · answer #6 · answered by Judy 7 · 0⤊ 0⤋
There's a seperate line for child support received, under "other sources of income" so yes.
2007-01-02 10:05:12 · answer #7 · answered by greeneyedprincess 6 · 0⤊ 4⤋
I agree with Mr. Zimmer. child support is not taxible but alimony is.
2007-01-02 10:50:34 · answer #8 · answered by oldman.rm 1 · 1⤊ 0⤋
Yes, but make sure you list it in the right place, you don't pay income tax on it, it is paid by the ther party.
2007-01-02 10:11:26 · answer #9 · answered by Landlord 7 · 0⤊ 4⤋
yes.
he will identify it as a deduction which means that he is identifying that he gave this money to you.
you have to list it as income.
ok. you don't have to but if you get caught you will pay fines and penalties from the time it was received until you settle up with the IRS.
2007-01-02 10:13:19 · answer #10 · answered by oldsoftee2001 6 · 0⤊ 5⤋