Is Mortgage Payment Deducted From Child Support

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What Can be Deducted from My Income for Child Support ...

    https://www.cfli.com/what-can-be-deducted-from-my-income-for-child-support-purposes/
    Jul 17, 2015 · Property tax, mortgage insurance, mandatory union dues, health insurance, some retirement contributions, usually those that are mandatory, some medical expenses and some job-related costs considered necessary all can be deducted from your income for child support purposes. Some support paid can also be deducted.Location: 429 Santa Monica Blvd #120, 90401

Can a mortgage payment be considered child support?

    https://dadsdivorce.com/articles/ask-a-divorce-lawyer-can-a-mortgage-payment-be-considered-payment-of-child-support/
    In a final support order, you should make sure the amount you pay and the credit you receive against any child support obligation are stated with specificity, lest a court later treat the mortgage payments as payments for a property settlement or spousal support rather than child support. Things are muddy when you do not have a support order.

Is Child Support Tax Deductible? - The Balance

    https://www.thebalance.com/is-child-support-tax-deductible-3193029
    A taxpayer could only deduct amounts paid that qualified as alimony. Because child support was not considered alimony, the person paying child support could not deduct child support payments as part of any other tax deduction.

How does child support affect mortgage qualification?

    https://www.hsh.com/finance/mortgage/how-does-child-support-affect-mortgage-qualification.html
    Jul 24, 2014 · However, if the child support (or other support) is voluntary between parties and no formal contractual obligation exists, it isn't likely to be treated as a debt since payment isn't a documented compulsory expense, but the lender may be obligated to consider it if it is disclosed.

What Are Allowable Deductions When Determining Net Income?

    https://eligibility.com/food-stamps/what-are-allowable-deductions-when-determining-net-income
    Jan 15, 2019 · The personal care deduction does not cover animal care. Certain medical expenses for elderly and disabled members of the household can be deducted. Approved expenses include ones that are over $35 and not covered by insurance. This does not include office co-pays. Legally-owed child support payments. Court documents will be needed for documentation.



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