Child support payments:
A)Have no taxable impact on either the payer or the recipient
B)Taxable to the payer at ordinary income rates and is tax-deductible by the recipient
C)Taxable to the recipient at ordinary income rates and is tax-deductible by the payer
D)Taxable to the child at ordinary income rates and is tax-deductible by the payer
E)None of the above

Question

Quizplus · Accepted Answer

Child support payments have no taxable impact on either the payer or the recipient. They are not deductible by the payer nor are they taxable income for the recipient.

Child Support Payments