I think the title pretty much says it all. :) I do mean receiving child support. Do I need to count that as income on my taxes?
No the payer cannot deduct and you don't claim it as income. However is it written in your divorce decree that you are awarded CS?
You don't claim it but you have a right to use the kids as a deduction and does not in this situation. There should be a place for it on the forms but it's not considered taxable.
I didn't even find any place to list it when I did my taxes, but I need to double check. You do have to pay taxes on spousal support, though, and the payer gets to deduct it.
Robin~ single, work-at-home momma to my Wonderboys
BigKid (6/00) & LittleBoy (6/04)
Honestly I found that odd this year. Last year there was a place for my untaxable income and in all the places I've done my taxes this year... yes not done, there are not spots for it. hmmmm....
I don't know tiqa, I've got quite a bit of non taxable income and according to the VA website I'm supposed to add that to my tax forms. I called the IRS friday and didn't get much help... usually they're pretty helpful though.