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How to Determine When Alimony or Child Support is Taxable

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From Quick Guide: Child Support Basics

Summary: To determine when alimony or child support is taxable, consider alimony as a deduction for the payer and an income for the payee, while child support is never taxable. Understand alimony and child support as they refer to taxes with information from an IRS tax agent in this free video on personal finance.

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By Shirley Charboneau
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Shrley Chaboneau is the owner of Fast Tax Services in Los Angeles, Calif. She is an enrolled agent with the IRS, and she has been preparing taxes for many years.read more

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Video Transcript

"Hi, in this segment we're going to talk about alimony and child support and is it taxable and how do we claim this. Well alimony is a deduction for the payer and it is a income for the payee. So it must be put on your tax return. For both the payer on alimony and the payee for alimony, the other party's name and social security number must appear on the tax return next to that line item. Child support however is never taxable. So you don't have to claim that as any kind of income at all. Thank you very much."

eHow Article: How to Determine When Alimony or Child Support is Taxable

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