I'm married with two stepchildren. My wife does not work, but I do. We're filing a joint tax return. Do I have to report how much she gets in child support too?
2007-01-29 12:54:21 · 7 answers · asked by MA 2 in Business & Finance ➔ Taxes ➔ United States
No, child support is not considered income.
2007-01-29 13:03:52 · answer #1 · answered by Missy 2 · 3⤊ 0⤋
NO...child support is usually paid by the other parent using dollars that have already been taxed, therefore, you do not have to pay taxes on the money or claim it as income on anything unless it works in your favour.
2007-01-29 13:09:50 · answer #2 · answered by emaaaazing! 4 · 1⤊ 0⤋
No, child support that your wife receives is NOT reportable as income to her. It's not deductible by the person paying it either.
2007-01-29 13:08:24 · answer #3 · answered by Bostonian In MO 7 · 1⤊ 0⤋
No child support does not count going out or coming in. I feel it should, but its doesnt count AT ALL.
2007-01-30 13:13:06 · answer #4 · answered by Akida 4 · 0⤊ 0⤋
no you do not report child support only alimony. You also cannot deduct child support paid
2007-01-29 13:00:17 · answer #5 · answered by Ski_Bum 3 · 2⤊ 1⤋
its not taxable nor deductible.here are the CS links from the IRS to help.
http://www.irs.gov/taxtopics/tc422.html
http://www.irs.gov/faqs/faq4-5.html
http://www.irs.gov/localcontacts/index.html
http://www.irs.gov/advocate/index.html
http://www.fms.treas.gov/faq/offsets_childsupport.html
2007-01-31 17:08:16 · answer #6 · answered by Yvette B yvetteb 6 · 0⤊ 0⤋
If its extra money coming in yes,
2007-01-29 12:59:31 · answer #7 · answered by misty blue 6 · 1⤊ 6⤋