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Is Child Support Taxable: Understanding the Tax Implications

is child support taxable

Have you been asking yourself, “Is child support taxable”? If so, understanding the tax implications of child support is essential to avoiding surprises during income tax season. Many people assume that child support payments are either taxable income or tax-deductible. However, the reality is quite different. The IRS has specific rules regarding this subject. Whether you are […]

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