According to IRS rules, child support received doesn’t count as taxable income, nor can you deduct any child support payments you make.
What Everyone Ought To Know About Child Support And Federal Taxes
- Child support payments are neither deductible by the payer nor taxable to the recipient.
- When you calculate your gross income to see if you’re required to file a tax return, don’t include child support payments received.
- A handful of states have rules that differ from the IRS.
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