How do you classify childcare payments in divorce?
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How do you classify childcare payments in divorce?
My state uses a calculator based on gross income to determine child support. My stipulation states that we equally share work related childcare expenses. After reading up on tax law and being frustrated I started thinking about how to classify the expense. Is this money: child support and should be deducted from the state calculated child support payment; “bonus” child support that must be paid above any beyond what the state requires; alimony and should be deducted from my alimony payment; or “bonus” alimony above any beyond what was agreed to in the stip
Asked on August 8, 2012 under Family Law, Utah
Answers:
FreeAdvice Contributing Attorney / FreeAdvice Contributing Attorney
Answered 11 years ago | Contributor
The best way to get an opinion as to your child care payments with respect to your children post dissolution is to consult with a tax attorney to review the dissolution decree on the subject.
The child support payment is not alimony. It would be a deduction on taxes based upon a percentage of support with respect to getting a credit for a dependent in addiiton to extra costs such as medical expenses and the like such as braces.
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