I was told that we could claim the intrest we pay to our mortgage company & that we'd get most or maybe even all of it back on our 2007 return. My husband & I are young & just bought ...
I have a joint account with someone who owes money to IRS. Yesterday a large amount of money was withdrawn from our account. Can they withdraw money from a JOINT accout. Even though the other ...
i worked at Bath & body works during the holiday season of 2006,then i only worked 2 days in january 2007. i really need to know when i am gonna get my w2. it is already january 29 ,2008 .last ...
I have been doing some research into the Federal Reserve Bank and how it states in our constitution that hiring a private bank to mint monies for the government is illegal. As a result of the F...
I know that I am paying twice as much for FICA as I am federal withholding. What's this all about? Additional Details But why is it so much? I'm paying DOUBLE what I am in ...
My husband owes money from a business he closed but has not been able to find a job to pay it off yet. So, Can the IRS take money from my return if I file him as depemdaent? he has not worked at all ...
I think the government should bring in a new tax for the obese. They should be charged by airlines as we are when our baggage allowance exceeds the limit. Also because they need bigger seats as R...
If woman A and woman B have an agreement that woman A will collect rent from a property woman A owns, and give $1,000 per month to woman B, is woman B required to pay income tax on this sum? Woman A ...
Is there any special form that needs to be filed to receive the tax rebates? I am inquiring for a person I know on Social Security disability who hasn't filed in the last two years and may be ...
for further clarification see the tax filing websites. they can guide you in a right path. here is one of the site go for it and benifited.
lbkipp@verizon.net
Nope - better suck it up.
redwing_nutso
No, child support cannot be a deduction... I wish it could though.
Bill
Nope.
Alimony yes (adjustment to income), child support no.
Think about it. If divorced people could deduct child support, married people would demand to be able to deduct the costs of raising their own spawn.
Enchanted
No. Child support is not a deduction.
Fletcher
No. Its not taxed.
roadlessgraveled
INo.Think of it like this...can the custodial parent claim the support they give? Answer: No
Contributions for health insurance, medical, dental, vision, child care are itemized deductions that the non-custodial parent can take. But not support.
As far as claiming the child as a dependent, that is usually determined by the original divorce decree. Sometimes the non-custodial parent gets every other year, but otherwise the IRS has rules on what constitutes a dependent.
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