Is child support tax deductible?

Child support is not tax deductible for the payer and is also not considered taxable income for the recipient. From a bookkeeping perspective, while expenses like mortgage interest or business costs may have tax implications that require careful ledger entries and categorizations, child support payments are treated differently. They don’t affect the payer’s adjusted gross income nor do they need to be reported as income by the recipient. It’s essential for those offering bookkeeping services to be aware of this distinction to ensure accurate financial records and adherence to tax regulations.

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