| Sensitive Issue: When you owe the IRS and owe Child | | | | of your children. So be careful! Don't include child |
| Support, it's a scary issue. You can't go without paying | | | | support payments received when you total your gross |
| for your children's needs. But the IRS is breathing down | | | | income on your tax returns. |
| you neck. So who do you pay first? The answer may | | | | If you pay child support, are you allowed to deduct |
| surprise you. | | | | anything on your taxes or claim the child as an |
| The IRS issued a Wage Levy on me. But I need the | | | | exemption? |
| income to pay for my Child Support. Will they still | | | | You may be able to claim the child as a dependent. |
| continue to Garnish my wages. | | | | But nothing can be deducted for the child support |
| Yes. The IRS will continue to Garnish your wages. The | | | | payments. Whoever the child lives with for most of the |
| IRS will leave you enough money to pay for your child | | | | year is the custodial parent. If you pay child support, |
| support and your basic needs. So watch out. Don't | | | | the only way to claim the child as an exemption, is to |
| think you can dodge a Wage Garnishment just | | | | have the custodial parent sign Form 8332 G "Release |
| because you owe child support. | | | | of Claim to Exemption for Child of Divorced of |
| Is child support considered earned income? | | | | Separated Parents." |
| No. For purposes of calculating the earned income | | | | Keeping up: The IRS will not stop you from making |
| credit, the child support you receive is not considered | | | | child support payments. But don't think you can escape |
| income. | | | | your debt easily. If you are having trouble solving your |
| Are child support payments considered taxable | | | | tax debt, look up possible solutions and handle it quickly! |
| income? | | | | It'll be hard to get the IRS off your back, but life will be |
| No. Child support payments are not considered taxable | | | | so much easier when child support is the only big |
| income. This is because income is used to take care | | | | payment you have to worry about. |