Is child support tax deductable in New Jersy?

Answer 1

child support is not taxable, nor deductible. the child(ren) however, are.

if its not in your divorce papers, or a court order who can claim them the IRS goes by this;

who pays for more then 50% of the childs living expenses
who the child lives with for a certain amount of months per year.

if both parents claim the child(ren), the IRS will audit BOTH parents. and the parent with the living expenses receipts wins.

TAX INFO
http://www.taxsites.com/index.htm
http://www.divorceinfo.com/taxes.htm
http://www.irs.gov/taxtopics/tc354.html
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.irs.gov/publications/p525/index.html
http://www.fms.treas.gov/faq/offsets_childsupport.html

Answer 2

nicely, right here is the ingredient. you're no longer paying taxes on your ex's income. you're paying taxes on your very own income. simply by fact the sales isn't derived from a martial courting, it relatively is considered via the government in basic terms as income. Do I accept as true with it? of direction no longer. Your ex became into taxed on the income. He pays you for the help of your baby(ren). And the money is taxed lower back? shop a duplicate of this submit and deliver it to the two your Congress man or woman and Senator. be sure which you hand write your letter. contain your finished call, handle, telephone, and digital mail on your correspondence. a lot of government officers have a coverage to in my opinion respond handy written communique. in basic terms make specific they have a lot of methods to attain lower back out at you. Your subject is one that if resolved precise, might placed so a lot extra nutrition in so a lot extra deserving mouths.

Answer 3

State designations usually follow the Federal government, and according to the IRS, child support payments are not taxable income. The only type of payment that is taxable (due to divorce) is alimony.

Answer 4

Contact a local tax office in New Jersey. H&R block for example. That's the best i can do from California.

Answer 5

Definitely not for federal. And I don't see anyplace on the state form to deduct it, so not likely.

Answer 6

I think it is deductable ONLY if you are awarded the deduction by the court. (normally the person with custody gets the deduction.. and they have to pay more than half of the childs expenses).