does child support has to be claim as income on state and federal tax returns?
i live in virginia, if that helps.
2007-02-14 06:41:53 · 6 answers · asked by Anonymous in Business & Finance ➔ Taxes ➔ United States
Hi, Mary! The IRS clearly states that child support is never deductible to the payer and never taxable to the recipient. The Virginia individual return (Form 760) uses the federal AGI, and neither the instructions nor Virginia Schedule ADJ make any mention of adding child support back into income.
Check out the following links for further info. :-)
2007-02-14 06:47:17 · answer #1 · answered by Anonymous · 11⤊ 0⤋
No, unfortunately child support cannot be claimed as and expense nor can it be claimed as income. This holds clear for all states.... now alimony on the other hand is to be claimed as an income and also an expense...doesnt sound fair does it>
2007-02-14 14:52:49 · answer #2 · answered by doing my best 2 · 5⤊ 2⤋
Child support is not taxable as income.
2007-02-14 14:47:41 · answer #3 · answered by Insurance Biz CT 5 · 7⤊ 0⤋
If you receive the child support it is not taxable. If you pay the child support you cannot deduct it.
2007-02-14 14:49:15 · answer #4 · answered by R Worth 4 · 3⤊ 0⤋
somewhere in your separation agreement should be stated who claims the kids as exemptions. the person receiving support generally does not claim the kids. alimony is taxable, child support isn't.
2007-02-14 14:44:53 · answer #5 · answered by Anonymous · 1⤊ 5⤋
Im not sure, you dont fill anything out when you apply in texas, and the dont send you a 1099, or a W2.
I guess not.
2007-02-14 14:45:14 · answer #6 · answered by ashlet925 1 · 0⤊ 7⤋