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To: Iron Eagle

Actually, the story said he had to pay $4,000 MORE a month after his wife stopped working. It never did say what his total payment was. My guess is that the were each paying about $4,000 a month, and he was required to pick up what she was no longer paying. $96,000 a year is not chicken feed, even for a guy making his salary. Is child support tax deductible, does anyone know? If these are after tax dollars, that really is a big bite.


45 posted on 06/15/2005 3:21:15 PM PDT by blau993 (Labs for love; .357 for Security.)
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To: blau993
Actually, the story said he had to pay $4,000 MORE a month after his wife stopped working. It never did say what his total payment was.

That was really confusing, wasn't it? I *think* what she meant was 4K in addition to what he spends when the kids live with him and what he is putting away for their college education. So we are talking about him writing a 4K check to the ex-wife every month. Originally he did not write any check to the ex-wife.

49 posted on 06/15/2005 3:30:05 PM PDT by freespirited
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To: blau993
Is child support tax deductible, does anyone know?

Nope, after-tax dollars.

63 posted on 06/15/2005 3:51:46 PM PDT by malakhi
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To: blau993
Is child support tax deductible, does anyone know?


The answer is no it is not, however you may claim the child as a dependent if the custodial parent, (usually the wife let's you). My ex-wife did not let me claim my child as a dependent even though it would have saved me thousands on my taxes as it meant nothing to her, (she was unemployed).


The good news is my payroll received the fax from the D.A. child support division yesterday 6/14/05 that I am paid in full and to vacate the order (wage garnish)....I feel like I just got out of jail!


$1,450. going to the ex-wife a month....$160 TOPS being spent on the child....


She called me to tell she got a nice boob job with the money...somethings wrong with the system when an ex wife can do that with that kind of impunity!
90 posted on 06/15/2005 6:48:56 PM PDT by dagoofyfoot
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To: blau993
Previous to this order, his out of pocket expenses while the kids were with him, plus the college fund were his share. Out of pocket expenses while the kids were with ex-wife were her share. No money changed hands between them.

Is child support tax deductible, does anyone know?

No, just as most expenses for children living with their married parents are not tax deductible. I say most, because of the deductions for things like medical care & college tuition.

The state also has something called family care, which would include a portion for something like alimony (called spousal support) & the tax deductibility of that pulls out a CS portion, as nondeductible & leaves the spousal portion as deductible for payer & taxable income for the recipient. If these are after tax dollars, that really is a big bite.

Course it is a really big bite. Paying the freight to raise kids is a big bite, even when the marriage is intact. Thing is, the parents are not as likely to think of it that way when they are still together. The guy probably pays more money to support Uncle Sam & other tax entities than he pays toward his kids.

100 posted on 06/15/2005 8:44:46 PM PDT by GoLightly
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To: blau993

Oh, you'll love the tax deduction deal--at least on the Fed level. The custodial parent gets to claim them, regardless of that person's income, unless he/she agrees to let the non-custodial parent claim them.

I have personally seen this result in a parent who refused to allow the non-custodial parent to claim the deductions, making her income eligible for "earned income credit" because child support isn't income. Sweet, huh?

Furthermore, in some states, it's a pre-tax percentage of the parents' income.

If anyone knows this to be different, please let me know ASAP. I'll have phone calls to make!


117 posted on 06/16/2005 7:06:06 AM PDT by SoVaDPJ
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