 Tax write off for giving a car to a person? |
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 How much will my taxes go up if the Dems take both houses? |
Based on a combined yearly salary of $60,000
We have two kids in grade school, two car payments and $2000
in credit card debt.
My husband and I don't own a home yet, but we'... |
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 #1 Is this some kind of set up?? would u still get married? |
i really love my man of 11 years and we always wanted to get married but i always pushed things back because i am worried what it will do to me financially to take his name.
as i see, ... |
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 Why we scared to pay the tax? |
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 How to avail income tax exemption in india? |
| i am paying around Rs. 250000/- as income tax there is any option to get exemption in paying tax.... |
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 No stimulus check can't get through on hot line for over 4 weeks any help? |
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 WTF!!!! I Got a letter in the mail saying I owe damn near $800!!! What can I DO? HELP! I'm BROKE!?MD TAXES!!! |
| I got a fricken letter in the mail saying I owe damn near $800 to the freakin state of MD from 2005???WTF??? How is that possible??? I did my taxes through Turbo Tax that year and followed the step ... |
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 Taxes in first year of home ownership? $9,000? What to do to? |
| We bought a house last october and with the economy went bad. We are making all od our mortgage payments on time no problem including insurance, electric, water, gas, etc all on time. But we got hit ... |
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 Can two people live in the same household claim head of household on a income tax refund? |
| If you are not married but live together could each person file seperately and both claim head odf household? Or can only 1 person from a household claim head of household?... |
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 Is you are married..can you file your taxes separtely? |
| I am married but want to get my own separate tax refund back i dont not want to put my husband with mine, would it be illegal if i didnt include him on my return? im asking bc we arent together but ... |
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 I owe some taxes, irs or tax consultant? |
| Ok heres my question i owe some taxes, not alot just more than i can pay. I did file and have now received a letter from irs. If I make payment arangments Ill be paying more penlties and interest ... |
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 Turbo tax or H&R block? which 2 use? |
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maruka033 | If me and my childs father work out child support personally, do I have to claim what he gives me as income? |
He gives me money orders on a weekly basis, and he is not going to file this as less income on his taxes. |
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digdowndeepnseattle
 |
No...and it's a good thing he's not going to file it as less income as child support payments are neither includible as income or deductible as an expense. However, the exemption that the child represents can be traded back and forth if there's no court order. If he's paying you diligently then I'd just let him have the exemption as a thank you for being a responsible dad. Just ask him to take your kid on a special kids night out with the extra cash. |
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Rob
|
Child support is not taxable to you, and it is not deductable for him |
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bostonianinmo
 |
No, child support is not income to you or deductible by him. However, you should still go to court and get the blessing of the courts on this. This will protect you if he should ever stop paying for any reason. |
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Joseph C
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Normally you do not have to claim child support as income at all. He cannot deduct this amount from his taxable income. Alimony is a different story, if there is alimony involved and he reports that on his taxes as a deduction you would need to claim that amount as income and pay tax on it. |
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miketorse
 |
Some stupid people are answering questions today. Child Support is NEVER Taxable for the recipient NOR deductible for the payer.
ALIMONY is. |
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Judy1
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Child support, whether court-ordered or worked out between you, is not reported or taxable to the person who receives it, and is not reported or deductible to the person paying it. So no you don't claim it - and he couldn't deduct it even if he wanted to. |
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whatevit
 |
You can claim your child, you do not claim the additional income. That is a taxable expense to your childs father, until it is formal. |
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noflacko
 |
Any money you get is taxable income...
On top of that...KEEP YOUR RECEIPTS!!
You should also document and both sign your agreement, you might regret not having legal documentation someday... |
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Josie826
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According to the IRS, any money you receive as income, whether through work, lottery win, or child support, must be reported to the IRS. Remember, that is according to the IRS. |
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