Is child support a tax-right off in the state of Colorado?

Question

Custody is joint.

Answer 1

Child support is not a write-off in any state. Alimony is, but child support is not.

Answer 2

No. Child support can not be written off by the person paying the support. Also, it is not considered income by the person receiving the support.

Think about it this way: if you were all living together as a family, you would be spending this money on the child anyway and would not be able to write it off. It's just the cost of clothing, feeding, sheltering, educating, and entertaining a child you brought into the world.

If you are paying alimony, you can deduct those amounts from your taxable income. The person receiving alimony must include the amounts in her income and pay taxes on it.

Answer 3

For Federal income tax, child support is never deductible regardless of what state you are in. I looked at the Colorado tax form and did not see any adjustments for child support. I doubt any state offers such a deduction, but I haven't checked them all.

Answer 4

NOPE, not in any state... its not deductable nor taxable. the child however is. if its not in a court order who gets to claim the child(ren), its goes by who pays more then 50% of the childs living expenses and has them a certain amount of time out of the year.

if you both claim them, you both get audited.

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
http://www.irs.gov/publications/p504/ar02.html#d0e563
http://money.cnn.com/2007/02/14/pf/taxes/do_not_miss_tax_breaks/index.htm?postversion=2007021411