What's the deal with CS when filing taxes? I'm just curious. Does the NCP get to claim it? Does the CP have to pay taxes on it? What's the deal?
They don't count.
If you're paying, you're screwed
If you're receiving, you don't have to claim it as income AND you get the deduction for the kids(s) if they live with you.
That seems a bit odd. So, if the NCP doesn't get to deduct the kid(s) on taxes, why is that fair? If NCP is always on time with CS, then shouldn't he/she be able to deduct the child 50% of the time? CS is supposed to make parenting even....in a sort. Even though the child may spend more nights at the CP's house, the NCP is paying CS. Why couldn't they share?
Also, if the CP goes to file for assistance, such as food stamps, does he/she have to claim the CS as income? Because it's not fair if the CP says "I'm a single mother raising 2 children on $20,000 a year" and she doesn't mention getting X amount of dollars from NCP, that's lying on the form. Right? Because the social services/assistance/whatever would assume she's supporting her 2 children on just her salary, which is untrue.
That seems a bit odd. So, if the NCP doesn't get to deduct the kid(s) on taxes, why is that fair?
The CP spends more money on the kid and cares for them more than 60% of the year. Why should the NCP get to claim them?
The CP spends more money on the kid and cares for them more than 60% of the year. Why should the NCP get to claim them?
Well, isn't the CS amount figured to make it "even?" If the NCP is still financially responsible (50%), then the NCP should get to claim them 50% of the time. :shrug:
Well, isn't the CS amount figured to make it "even?" If the NCP is still financially responsible (50%), then the NCP should get to claim them 50% of the time. :shrug:
No, it is not. I have yet to see someone pay 1/2 of what it costs to raise a kid.
Well my son's father pays maybe $250 a month...does that sound very even? Do you think it is possible for an 11 year old boy to live off of $500 a month? And remember that I pay the mortgage and all food and all medical expenses (including insurance) and tuition and etc. So why would I let his father claim him and get the benefit??? I don't think so!!!
Um, OK. That's total bull####. If the NCP makes $100,000 a year, and the CP makes $30,000, you know for damn sure that the NCP will be paying a crazy high amount of CS.....more than what it actually costs to raise a child.
Anyhoo, CS is supposedly set up to make the child have the benefits from both parents...like it would be if the parents were married. Both parents would benefit from claiming the child if they were still married, so the NCP should get to share claiming the child. :shrug: If the NCP is still supporting the child, then he/she should be able to claim the child on taxes.
I am going to guess that you are the NCP. Do you pay half of her mortgage or rent? Do you buy 1/2 of the kids' necessities? Do you physically care for the kids' 1/2 of the year?
Um, OK. That's total bull####. If the NCP makes $100,000 a year, and the CP makes $30,000, you know for damn sure that the NCP will be paying a crazy high amount of CS.....more than what it actually costs to raise a child.
Anyhoo, CS is supposedly set up to make the child have the benefits from both parents...like it would be if the parents were married. Both parents would benefit from claiming the child if they were still married, so the NCP should get to share claiming the child. :shrug: If the NCP is still supporting the child, then he/she should be able to claim the child on taxes.
This is not about me. I'm was simply asking questions about CS and taxes because I didn't know. I'm not trying to get into an argument with bitter CPs about CS.
Typically you specify in the custody agreement who gets to claim the children on taxes.
And I believe, but am not positive, that CS does count when applying for state aid.
Don't be an ass...I an not bitter about being the CP because I get to see my son everyday and that is worth WAY more than getting a tax break!!! I was just commenting on my situation and if you check out my other post I did agree with you that if the financial responsibily is actually split equally then that is a different situation.
How often do you have custody of your child? Every other weekend? Three days a week? Something else?It's been my experience that I'm legally considered a sperm donor and a paycheck