If a person is only receiving child support and alimony can they file taxes?
2007-07-23 08:41:04 · 7 answers · asked by Tony B 1 in Business & Finance ➔ Taxes ➔ United States
A person can ALWAYS file a tax return, but at certain income levels the person may not be required to file.
Child support - not taxable because it is not income to the recipient (the parent) and not deductible by the by the payor (Code Sec 71 (c)).
Alimony - taxable as income to the recipient and deductible by the payor if certain requirements are met (Code Sec 62(a)(10), 71 and 215).
Simply, Alimony YES, Child Support NO
Good luck!!
2007-07-23 08:48:20 · answer #1 · answered by NoNickname 2 · 0⤊ 0⤋
They would file and show the alimony as income. If the alimony is sufficient that you are required to file a return, then you not only may file but are required to.
Child support isn't shown on the tax form.
Alimony is not earned income, so it does not qualify you for earned income credit.
Unless the alimony is enough that you'd owe taxes, you won't get a child tax credit because the CTC only reduces taxes to zero, it doesn't give you a refund.
2007-07-23 11:04:34 · answer #2 · answered by Judy 7 · 0⤊ 0⤋
Alimony is subject to income tax, and if they are over the filing requirement, they HAVE to file.
Unless they have made estimated tax payments, they will not receive a refund.
In case there is a tax liability, receiving alimony does allow you to put money in a deductible IRA to reduce if not eliminate the taxes.
2007-07-23 08:46:33 · answer #3 · answered by Wayne Z 7 · 0⤊ 0⤋
Sure. In fact, they may have to depending upon the amount of alimony received. Alimony received is fully taxable as ordinary income. The child support is not taxable, however.
2007-07-23 08:46:28 · answer #4 · answered by Bostonian In MO 7 · 2⤊ 0⤋
Yes.
Actually, they should be filing as the alimony is a taxable income.
2007-07-23 08:44:22 · answer #5 · answered by Anonymous · 3⤊ 0⤋
yes you are receiving money and all money is taxable. you might be under the limit where by you have to pay but you are still required to file a returen.
2007-07-23 08:47:27 · answer #6 · answered by Anonymous · 0⤊ 0⤋
yes! It is income received. Also you have custody of the child, so you can get a child credit
2007-07-23 08:50:06 · answer #7 · answered by mary c 2 · 0⤊ 1⤋