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Recent Entries...
Tax shelter is a term used for property and other investments that gives the owner the advantages of income taxes, like discounts on property taxes, mortgage interest as well as depreciation. It also includes the reduction to --- [More...]
W-2 is a form that an employee receives from the employer. It is also the IRS in every end of the year. The annual wages and taxes that the employer gives to the employee withdrawn through paycheck --- [More...]
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Taxes Question/Title:
Is child support taxable?
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Is child support taxable?
Child support is not taxable. This is neither deductible by the payor nor taxable to the payee. Topic 422 of the Non-taxable Income determined by the Internal Revenue Services (IRS) stipulates that child support payments are not included in taxable income. Thus, it is not included in filing a tax return.
--- permission must be obtained from author Ted Farley to re-publish ---
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