If you pay or receive child support, the Internal Revenue Service has a set of rules to control the deductions and exemptions that you are allowed because of the payment or receipt of the child support. The terms of your divorce settlement will determine how child support will affect your taxes. It is very important to hire an experienced family law attorney who is familiar with the long-term implications of any child support agreement you come to during the divorce process.
...Credit: About.com Divorce Support
No comments:
Post a Comment