Are child support payments deductible by the payer and may the payer claim the child as a dependent?

Are child support payments deductible by the payer and may the payer claim the child as a dependent?
Frequently Asked Questions

Must a partnership or corporation file an information return or income tax return even though it had no income for the year?

Must a partnership or corporation file an information return or income tax return even though it had no income for the year?
Frequently Asked Questions

I heard there's a credit for hiring certain groups of workers, such as veterans or ex-felons. Is that the same thing as the work opportunity tax credit?

I heard there's a credit for hiring certain groups of workers, such as veterans or ex-felons. Is that the same thing as the work opportunity tax credit?
Frequently Asked Questions

Are Social Security survivor benefits for children considered taxable income?

Are Social Security survivor benefits for children considered taxable income?
Frequently Asked Questions

What's the difference between a Form W-2 and a Form 1099-MISC or Form 1099-NEC?

What's the difference between a Form W-2 and a Form 1099-MISC or Form 1099-NEC?
Frequently Asked Questions

I retired last year and started receiving Social Security payments. Do I have to pay taxes on my Social Security benefits?

I retired last year and started receiving Social Security payments. Do I have to pay taxes on my Social Security benefits?
Frequently Asked Questions