Q: Is the amount of child support affected if we file our taxes
Deadbeat Hunter says: No, it will not
affect your taxes at all presuming that you did not report the child support as
income. It will not affect your child support order. Your child support can only be changed by
I need to pay taxes on received child support?
Deadbeat Hunter Says: Child Support is not considered to be income
even though you can report it as such in certain situations to boost your
reported earnings. It is not
taxable. Alimony on the other hand is
taxable income which is why I always encourage my clients to strategize,
strategize, and strategize! If you are
at the beginning of the process and expect to receive both alimony and child
support, it may be better to receive the lions share in child support because
you dont have to report it is not taxable.
On the other hand you have more resources on your side to enforce a
child support order than to go after a deadbeat for alimony payments because
there is a legal structure within the Family Law system for one but not the
other. Which means that the direction
you choose may have a lot to do with your opponent and how much chasing you are
possibly facing. That being said, the paying
spouse will probably want to pay out more in alimony and less in child support because
alimony can be deducted.