I am a single mom. My ex-husband did not pay support for his daughter for more than 5 years. He just came into some money and has recently paid almost all of his back support to me.
Now I’m worried because my mom says I have to pay taxes on that money. I was hoping to use it to pay bills but I don’t want to use it if I need to save some for taxes.
Thank you for taking the time to answer my question.
As a mom, I like to invoke the “moms are always right” rule – but fortunately for you, that’s not the case here.
Your mom might be thinking about spousal support which is taxable.
But for federal purposes, child support is tax neutral, meaning that you don’t claim it as income and your ex-husband does not get to take a deduction for paying it.
So, go ahead and pay your bills. No tax worries on the child support payment front!
Like any good lawyer, I need to add a disclaimer: Unfortunately, it is impossible to give comprehensive tax advice over the internet, no matter how well researched or written. Before relying on any information given on this site, contact a tax professional to discuss your particular situation.
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