asked
My soon-to-be ex-spouse and I filed taxes separately this year. I am the primary caretaker/custodial parent according to our orders. We didn't finalize our temporary child support orders until after the first of this year. Before the child support order, he was making monthly payments to me to cover what he felt was his portion of daycare and child support. I repeatedly told him he couldn't claim the kids or daycare because he didn't qualify as the non-custodial parent. He tried to claim the kids anyway, and the IRS rejected his claim since I had already filed with our kids' SSNs. He now claims that he submitted all his canceled checks to the IRS and that his tax preparer said I would be in trouble if I didn't claim this as additional income on my return. I believe this is incorrect, but I want to confirm: Are payments for child support considered part of my income?
July 19th, 2023
I had hurricane damage on my rental house and received a check for $25,000. I repaired the home and now have expenses for materials and labor. Can I write this off on my current tax return?
December 8th, 2023
What is the federal tax benefit of each dollar of interest spent on a home mortgage, and is it beneficial to use savings to pay off the loan if the cash brings less than 2% interest?
January 24th, 2023
I own a small business and have always filed using my social security number. This year, I married and would like to be claimed on my husband's tax return. Can I file for my business with my social security number and not claim myself on my personal tax return?
January 15th, 2024
Can the cost of sending my son to a private Pre-K school be claimed, and how?
February 16th, 2024
If I subdivide my principal residence into a house and lot, and another empty lot, are both properties exempt from capital gains if I sell them to the same buyer or if one buyer buys the lot and another buys the house and lot?
December 15th, 2024