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No, children are not taxed.
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∙ 13y ago
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Do you get tax credits if you pay child support?
No tax credit and no tax deduction on your income tax return for child support payments.
How do you get your tax info to file your child support for2009?
Child support received or paid is NOT reported on your income tax return.
In Michigan do you have to pay income tax on child support received?
If you were a resident of Michigan or had taxable income from sources in Michigan, then yes.
Why do you claim child support as income for section 8 housing?
Probably because the rules for the section 8 housing program requires you to report the child support payment as a part of your income when it is received. For income tax purposes on your federal income tax return child support is NOT TAXABLE income that you would report on your 1040 tax form.
How do you claim child support on your income tax return?
Child support is not income to the recipient or a deduction for the payer. Spousal support, also called maintenance or alimony, is income to the recipient and deductible for the payer.
How can you get your child's father income tax for child support if its goes to his other child's mother?
File to have the cases combine.
Rent is income-based do you claim child support as income?
No. For income tax purposes on your federal income tax return child support is NOT TAXABLE income that you would report on your 1040 tax form. Gross rental income and expenses are reported on the schedule E of the 1040 tax form and then then the net rental income is entered on page 1 line 17 Rental real estate, etc, Attach schedule E.
Does your tax refund get taken by MA dor due to back child support?
Most likely. Just about every state will intercept federal and state income tax refunds for child support arrears.
Can you deduct the amount of money you pay for child support from your earned income?
not for tax purposes
Can tax exempt income qualify as support?
Need more info to answer properly, but if I understand what you're asking: Income that is not subject to income taxes (tax exempt investments, inheritance income from an estate, life insurance proceeds, etc) can certainly be considered income to support oneself - (IE If someone asks how you support yourself when you have no job... you may have income sources that are tax exempt that provide you with enough income to live a very comfortable lifestyle.) If you're asking for purposes of support as in child support or spousal support - then I believe that is negotiable prior to settlement of the divorce / child support case. If you're asking if tax exempt income qualifies as income for a dependecy exeption, then the answer is yes. So long as the income is enough to cover 50% of the expenses to maintain the household / provide for the child, etc.
Is receiving child support considered income?
Presuming you mean for taxes...as for lenders and such the answer may be different. No. Child support payments are neither deductible by the payor nor taxable to the payee. When you total your gross income to see if you are required to file a tax return, do not include child support payments received.
In Texas can a judgment be used to seize an income tax refund?
No if it is for creditor debt. Yes if it is for child support or tax arrearages.
