It's neither taxable, or tax deductible.
Yes, Section 8 only counts child support payments as income when they become regular. If you are not receiving the payment than they wont count it as income.
No.
only child support. Spousal support is taxable income.
if you are paying child support and have a new spouse, their income will not count toward child support unless the two of you have your own children together.
Generally, child support payments coincide with the frequency that the obligor receives income. How quickly the obligee receives those payments is a function of how efficient the payor of income is in forwarding them to the State and how efficient the State is in distributing them.
No tax credit and no tax deduction on your income tax return for child support payments.
No. The roommate is not related to you in any legal sense, therefore their income does not come into the picture when figuring your means of child support payments or the receiving of such payments thereof.
No Child support payments are neither deductible by the payer nor taxable to the payee. When you calculate your gross income to see if you are required to file a tax return, do not include child support payments received. However, alimony, separate maintenance, and similar payments from your spouse or former spouse are taxable to you in the year received:
Child support is based on net income. The courts can require the obligor to look for work if they decide that his non-work income is not sufficient to support the child.
In calculating child support, all income is considered (except for public assistance or SSI).
Presuming you mean for taxes...as for lenders and such the answer may be different. No. Child support payments are neither deductible by the payor nor taxable to the payee. When you total your gross income to see if you are required to file a tax return, do not include child support payments received.
Federal limits place it at 55% of gross income.