What are the tax implications for child support payments?

In Virginia, child support payments are considered the obligation of the non-custodial parent and are usually not considered taxable income by the Internal Revenue Service (IRS). This means that the non-custodial parent who is making the payments will not have to pay taxes on those payments. For the parent receiving child support payments, the IRS considers this to be taxable income. This means that the parent receiving the payments is responsible for declaring the payments as income on their federal income taxes. In addition, for the custodial parent receiving the child support payments, the payments may also be subjected to Social Security, Medicare, and state and federal unemployment taxes. Unlike alimony payments, Virginia does not allow parents to deduct child support payments from their taxes. This means that the non-custodial parent who is making the payments cannot deduct them from their federal income tax return. Overall, child support payments are not subject to federal income taxes of the payee. However, the custodial parent receiving the payments is responsible for including the payments as income in their tax returns and may also be subject to Social Security, Medicare, and state and federal unemployment taxes.

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What are the tax implications for child support payments?

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