Description: The following passage mainly focuses on nys child support login. You can catch a little bit of a bias non-custodial parent viewpoint. If you have had an amicable divorce, you need to research the Release of Claim to Exemption for Child of Divorced Parents.
What’s coming on the end of 2012? Like most young I’m sitting here looking at my income, taxes and all the things that I’ve paid over the last year, I am getting ready for tax season that comes around next year, it seems that every year this time I’m going through these numbers.
The question always comes to the forefront of my mind is why non-custodial parents who make more money than the custodial parent and who provide more than 50% of the cost of raising the child by way of child support payments.
If they’re paying more, in most states you get ordered to pay a percentage, in my case I pay 80% of the support payments to my son’s mother, I don’t get the tax deduction, I paid sixteen thousand five hundred and eighty four dollars in child support payments this year.
I paid roughly twenty percent tax on my income, if you add twenty percent to that, that’s twenty thousand dollars in pre-tax income that I am paying to my ex-wife for child support, I’m not complaining about the amount of child support, it’s a waste of my breath to do so because all I’m going to do is to get attacked by a bunch of people.
They are going to say that I’m complaining, I’ve got plenty of grounds to complain, it would take me 20 articles to lay all of my grievances out with the child support system and the family court system, but the purpose of this article is to discuss the child tax credit and why the non-custodial parent doesn’t get it.
I understand why they don’t get it, only one person can get the child tax credit, in order to deduct child support you would have to be able to claim, the other party would have to claim that income, that child support payment says income.
The argument is that the transport payment is not being provided to the ex-spouse’s income, it’s been provided to the child via the custodial parent, if you believe that you were born yesterday, if you believe that the custodial parent doesn’t benefit one iota from transport, that’s a topic of another article, but clearly money is being paid on child support payments.
For me, that income is paying more than 50% of my son’s upbringing expenses, yet I had have to get her to agree to transfer that child that credit to allow me to claim that amount, that’s not going to happen, that probably doesn’t happen in the majority of divorces, since the majority of divorces aren’t amicable.
The answer to the question why you have to pay and why the non-custodial parent does not get to claim that child support as deductible income is that the IRS sees the child support payment is non income to the custodial parent, it is a support payment to the child.
Therefore it is non-taxable income for the custodial parent, you didn’t negotiate well enough in your divorce or you didn’t have an amicable divorce, you are added to disadvantage because both parties have to agree on who gets the change can’t claim the child tax credit even if you are providing more than 50% in support.
That’s the answer, it is heartless and illogical, you have to get agreement to do that even though it’s a fact that you’re paying more than 50% of the support, that’s the answer, if anybody else had the same question or has any comments to expand on it, please leave it in the comment section or give me a response.