Category Child Support

Child support serves a vital role in the financial well-being of children and custodial parents. However, many individuals are left questioning, “does child support count as income?” Understanding how child support is categorized can have significant implications for various financial…

Child support serves as a vital financial assistance mechanism intended to ensure the well-being of children following parental separation. Understanding the tax implications surrounding child support payments is crucial for both recipients and payers alike. One pressing question arises: is…