3 Things You Should Know About Child Support and Taxes

  1.  Whoever has custody gets to claim the child(ren) on his or her tax return unless both parents file a special IRS form agreeing to a different arrangement each year.
  2. The parent receiving child support does not need to report it as income.
  3. The parent paying child support  cannot deduct it.

 

Photo Credit:  Visual Hunt

Posted in Child Support.

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