Typically it may vary state to state demending on each states' laws. For example, in Missouri child support is not considered income, whereas alimony is. As far as income tax purposes are concerned, the person paying for these two items can claim them as deductions.
Quote:
Originally Posted by Abasaki
Alimony, child support, anything like that is considered income.
If you are getting money from any source... it's considered income.
Abbie
|