There are a couple main questions people ask about child support and taxes:
- Is child support deductible? (You ask this if you paychild support.)
- Is child support considered income and taxed? (You ask this if you receive child support.)
Thankfully, the answers are straightforward: no and no.
Here’s a slightly expanded explanation straight from the IRS:
“Question: Are child support payments considered taxable income?
Answer: No, child support payments are neither deductible by the payer nor taxable to the payee. When you calculate your gross income to see if you are required to file a tax return, do not include child support payments received.”