cause im using TaxCut and so far they havent asked me about it so i was going to add it under "extra income".
2007-01-07 04:13:14 · 6 answers · asked by Anonymous in Business & Finance ➔ Taxes ➔ United States
Yikes!! Some wrong answers here! Child support (as defined by law) is not taxable and should not, under any cricumstances, be recorded on your tax return.
Are you sure it is, indeed child support and not alimony? Alimony is taxable. There are rules to determine which it is, especially if the divorce agreement is silent on the issue. If the payer is behind in making payments and you get both alimony and child support, it is deemed that child support was paid before alimony.
If you are not absolutely sure what you are doing, please go to a tax professional. You may find it will be worth it. If you are worried about fees, many firms will take their fee out of your refund (you have to authorize them to receive your refund). you will pay a charge for that service but it is nothing like the refund anticipation loans on offer.
2007-01-07 05:00:02 · answer #1 · answered by skip 6 · 1⤊ 0⤋
No, child support is not considered income for either party! Only alimony is! Hi, Tina Marie!
2007-01-07 04:17:01 · answer #2 · answered by musicman 5 · 1⤊ 0⤋
Your toddler help place of work has to request it from the IRS. you are able to't. you are able to ask your case worker in the experience that they are going to. yet opportunities are extreme they have already got. Taking taxes for cs takes a lengthy time period. even as the IRS offsets someone's taxes for cs, they right away carry that money for a minimum of three months. basically in case there is an injured better 0.5 variety, or different "criminal" dispute filed. It makes it a lot less puzzling to get well the money this way, if the money wasn't extremely meant to flow to cs. After the waiting era, the IRS will deliver it off to the cs organization that requested it, the cs organization credit's the account, then they deliver it off to you want all different commonplace charge. it would want to take round 4 months in total. i comprehend that you stated he hasn't made a unmarried charge, yet how a techniques behind is he. to verify that them to take his go back he must be a minimum of $500 and three months behind. If he doesn't meet both circumstances, they could't legally take his federal go back. Plus the cs place of work has ultimate dates too. in case you in consumer-friendly words were given your order anytime from Nov 07 in the previous, then the cs organization missed the cut-off date to ask the IRS for his 07 taxes. they could't take his go back for 07, if he wasn't a techniques adequate behind as of OCT/NOV of 2007. desire that helps.
2016-12-28 07:43:17 · answer #3 · answered by Anonymous · 0⤊ 0⤋
You don't have to claim child support. Only alimony.
2007-01-07 04:16:47 · answer #4 · answered by justme 6 · 1⤊ 0⤋
No, child support has nothing to do with it.
2007-01-07 04:15:47 · answer #5 · answered by tinamaries43 5 · 0⤊ 0⤋
I think child support is income. I think it goes under unearned income.
2007-01-07 04:46:24 · answer #6 · answered by Karmy 2 · 0⤊ 3⤋