Can a parent receive a deduction for child support payments?
Yes, a parent in Virginia can receive a deduction for child support payments. The deduction is based on the amount of child support payments that are made on behalf of the taxpayer’s dependent children. In order to qualify for the deduction, the parent must have made the payments as part of a court order, voluntary agreement, or an award of temporary assistance for needy families. In order to receive the deduction, the taxpayer must enter the total amount of child support payments on Line 1b of the Virginia Form 760. Furthermore, the taxpayer may be able to deduct dependent care and medical expenses paid by the taxpayer in addition to the child support payments. It is important to note that the IRS will also allow the parent to deduct child support payments made on behalf of the parent or the parent’s spouse. Moreover, if the taxpayer is filing as head of household, the taxpayer may receive a tax credit in addition to the deduction for child support payments. Overall, in Virginia a parent can receive a tax deduction for child support payments as long as the payment was made pursuant to a court order, voluntary agreement, or an award of temporary assistance for needy families. The taxpayer can claim the deduction on Line 1b of the Virginia Form 760 and may be eligible for additional deductions and credits.
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