2007-02-20 03:16:34 · 6 answers · asked by rafael d 1 in Business & Finance ➔ Taxes ➔ United States
Hello, Rafael! I'm sorry, but not only are there no credits for child support, but the IRS also clearly states that child support is never deductible to the payer and never taxable to the recipient. Check out the following IRS links for further info.
2007-02-20 03:19:06 · answer #1 · answered by Anonymous · 3⤊ 0⤋
Child support has no tax consequences. It is not deductible by the payer and is not taxable to the recipient.
2007-02-20 03:22:05 · answer #2 · answered by Bostonian In MO 7 · 2⤊ 0⤋
Try www.turbotax.com, they walk you through everything from kids to property to education and vehicle and moving expenses and you can see if a standard deduction would be better for you than itemizing things. Very, very thorough. I've used this site for about 5 years to file my taxes. They take their fees out of my refund so the refund is deposited less their fees. It has helped me greatly.
2007-02-20 03:32:24 · answer #3 · answered by productjunkie 3 · 0⤊ 2⤋
Sorry Rafael, but no child support cannot be claimed as a tax credit. Please don't listen to the people saying that you can.
2007-02-20 04:02:45 · answer #4 · answered by Kimberly L 2 · 2⤊ 0⤋
Child support payments are deductible. You deduct this from your income. It does not count towards your adjusted gross income.
2007-02-20 03:26:58 · answer #5 · answered by Anonymous · 0⤊ 4⤋
no.
2007-02-20 03:22:32 · answer #6 · answered by pooh 6 · 0⤊ 0⤋