when doing taxes, are spousal support and child support deductions from gross income?

Answer 1

Alimony payments, i.e., spousal support, is deductible to the payor and taxable to the recipient.

Note:
If you do not have a court order or written agreement, there are no tax consequences. You cannot deduct any of the payments.

Any child support orders dated May 1, 1997 or later are automatically deemed non tax deductible to the payor and non taxable to the recipient (pursuant to the Suzanne Thibideau court rulings 1997).

If you need further information, CRA's website on support payments received is:

http://www.cra-arc.gc.ca/tax/individuals/topics/income-tax/return/completing/reporting-income/lines101-170/128/menu-e.html

If you need further information, CRA's website on support payments paid is:

http://www.cra-arc.gc.ca/tax/individuals/topics/income-tax/return/completing/deductions/lines206-236/220/menu-e.html

Hope this helps you.

Answer 2

Spousal Support is a deduction from income, child support is not.

Many times, the non-custodial parent has the tax exemption for the child(ren), and can claim the child tax credit.

Answer 3

If you pay alimony it is a deduction from income.

Children are your responsibility and so child support is not a deduction from income.

Answer 4

You fill out an earnings and rate assertion. the form will ask you your gross pay and then this is going to ask you techniques plenty is taken out in taxes. you will might desire to deliver various pay stubs with you so as that that's calculated. then you certainly placed into the form your month-to-month costs (or weekly) so as that the courtroom will use that formula. Be suggested that in case you have value mark downs account money taken out of your paycheck which would be negated because of fact the help of a newborn is extra of a concern than your holiday club.

Answer 5

when filing taxes, child support is not taxable nor deductable... but spousal support is taxable. the IRS links are below.

if you BOTH claim the child(ren) as dependents, you BOTH get audited by the IRS.

here are the links you need...


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