Is There A Federal Income Tax Credit For One Paying Child Support?
Answers
Child support payments are not tax deductible (US tax system). However, the recipient doesn't pay tax on them, either. So the Feds (possible State revenue too) get their tax, but only once.
Doing it this way makes it easier for IRS to keep track, since most people get tax taken out of their earned pay.
You might be able to convince the recipient to consider taking less child support, splitting the difference on the tax paid, maybe but unlikely!
I think you must be same person who wondered if you could claim a "non custodial" (non-resident) child as a deduction/dependent. No, you can't. That benefit falls to the custodial parent.
Again, you might be able to work out a way (talking to your ex) of splitting the difference/persuading the custodial parent that they have an unfair tax advantage... but not likely. Child support payments are normally worked out with these tax advantages (to the custodial parent) in mind.
answered 2 years ago
From June 2007 until Jan 2008 my child was in my custody ( Mother). Previously the father was the custodial parent. However, Oct 2006 he signed a notarized statement giving the child to was given back to father October 2006. Child returned to mother June 2007 until Jan 2008. Currently i am now being for child support.
On Feb 13,2008 i was to pay 50.00 a month. He disagreed and wants the case in front of a master to be held April 21. Am i to pay the 50.00? I have been paying various expenses for the child with received a letter that I am now to send the money to Harrisburg.
answered 7 months ago
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