If '____' Were Tax Deductible, I'd Be Rich!

[Thanatos340 1]

Because the LAW says I cant.

Two people cant claim the same child. Even though I pay for more than 100% of her support, She lives with her mother so she gets the deduction.

No matter how much money I pay the ex... If the child lives with the EX, The ex gets the deduction for the Dependant and the head of Household and several other Credits.

The system sucks.
Some people are able to negotiate the "Deduction" into their divorse agreements but generally the parent that the child spends the most time actually living with gets the deduction reguardless of who is actually paying the bills.

My other complaint is the they based Child support off Gross income instead of Net income.

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My other complaint is the they based Child support off Gross income instead of Net income.

Wow...i was under the impression that its supposed to be 20% of net. in your case its 21% of gross. what state do yo ulive in, and did you get a lawyer when you were going through this?

7 ounce wonders, music and dogs that are not into beer

[DrewEckhardt 0]

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For me it would be junk mail addressed to my deceased mother. It's amazing how "they" find forwarding addresses. It doesn't seem to matter to them how many ways you communicate that she's dead.

What's yours?

Being able to deduct all moving expenses including temporary housing wouldn't make me rich, but it would send me on a really nice vacation.

Being able to deduct losses on personal property sales would be nice too. As long as the IRS insists on getting paid when I sell something for more than I paid, they should let me make a deduction when it goes the other way.

[IMGR2 0]

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My other complaint is the they based Child support off Gross income instead of Net income.

Wow...i was under the impression that its supposed to be 20% of net. in your case its 21% of gross. what state do yo ulive in, and did you get a lawyer when you were going through this?

Guess what....
It's the same in Texas. 20% of gross and 5% added for each additional child, hence why I'm paying 25%.

[iambeav2 0]

Um, Mountain Dew and telling my g/f no!!

...it's not the fact that you don't appreciate what you have until it's gone...it's the fact that you don't appreciate what you have until someone appreciates it for you!

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My other complaint is the they based Child support off Gross income instead of Net income.

Wow...i was under the impression that its supposed to be 20% of net. in your case its 21% of gross. what state do yo ulive in, and did you get a lawyer when you were going through this?

Guess what....
It's the same in Texas. 20% of gross and 5% added for each additional child, hence why I'm paying 25%.

is gross considered before or after you pay federal taxes?

7 ounce wonders, music and dogs that are not into beer

[turtlespeed 226]

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My other complaint is the they based Child support off Gross income instead of Net income.

Wow...i was under the impression that its supposed to be 20% of net. in your case its 21% of gross. what state do yo ulive in, and did you get a lawyer when you were going through this?

Guess what....
It's the same in Texas. 20% of gross and 5% added for each additional child, hence why I'm paying 25%.

is gross considered before or after you pay federal taxes?

Gross is before.

I'm not usually into the whole 3-way thing, but you got me a little excited with that. - Skymama
BTR #1 / OTB^5 Official #2 / Hellfish #408 / VSCR #108/Tortuga/Orfun

[sartre 0]

Isn't that considered a capital loss? I think you can deduct that......

And J, WTF? My husband makes more than 70k/year, and I just agreed to him paying me $400/month in child support. Am I an idiot or what?

[moodyskydiver 0]

chocolate!

"...just an earthbound misfit, I."

[Buried 0]

sperm donations

Where is my fizzy-lifting drink?