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Posted in Child Support / Spousal Support Tax Matters

Is Child Support Tax Deductible? No, and Here’s Why.

We often get asked is child support tax deductible, in other words is child support deductible on taxes? We also get asked can you claim taxes on child support. The answer to all of these is “no”, you can’t deduct child support paid from your gross income, nor does someone have to claim child support as income. Here’s a plain English explanation as to why.

A Fathers Rights for Child Support Depends on This Factors
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Posted in Tax Matters

2021 Stimulus Check Will Not Be Garnished for Child Support According to IRS

If you or your spouse lost out on the first stimulus payment due to child support debt, you won’t have to worry about your second payment being garnished.

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Posted in Tax Matters Child Support / Spousal Support

How the New Tax Laws from 2017 – 2018 Affect Single Fathers and What You Should Do About It

As we mentioned a couple of weeks ago, the new tax law passed in 2017, and effective in 2018, has serious impacts for single fathers. The most glaring of these impacts – which also seems to be the least covered – is that it it completely does away with the deduction for spousal support (also known as ‘alimony’ or ‘maintenance’). Here’s what you should do to deal with this.

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Posted in Tax Matters Child Support / Spousal Support The Law

The New Tax Law Does Away with Alimony, Spousal Support Deduction

With very little fanfare, the new tax law that was passed at the very end of December, 2017, and which is effective in 2018, did away with the requirement that spousal support (previously known as alimony) receivers declare spousal support as income and, on the other side of the balance sheet, did away with the deduction for spousal support payers.

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Posted in Tax Matters

Who Gets the Tax Exemption for a Child of Divorce?

Summary: I am divorced, and my daughter lives with my ex. I pay nearly 100% of all expenses for my daughter, and certainly far more than half. I can take the tax exemption for my daughter, right? This is a very timely question. With tax season soon upon us, we…

single father with children drinking milk
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Posted in Tax Matters

Are Gambling Losses Tax Deductible?

Summary: My wife and I took a trip to Las Vegas this year, and while we did not go over our budget, we did suffer a bit of a loss at the blackjack table in the casino. I have been told by a friend that it may be possible to…

single father with children drinking milk
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Posted in Tax Matters

Marriage or Divorce – Check Your Social Security Number

Summary: Newlyweds and the recently divorced should make sure that names on their tax returns match those registered with the Social Security Administration (SSA). https://www.youtube.com/watch?v=cN7gcNXhf8k