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Old 06-18-2008   #5 (permalink)
Rasczak
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Default Re: Tax credit for people who pay child support?

Quote:
Originally Posted by kevmartin View Post
My suggestion it would need to be weighted is just what you said - it would have to be applied to the portion you pay on child support. That seems a simple way to go about it anyway.

This is different to the normal Family Tax Discount/Benefit or what ever it's called here where (I think) it is based simply on your income, and the number of kids under 16 you have in your custody. There is a LOT of controversy about the child support system here, and I think the system is currently being overhauled to improve the way it takes more things into consideration when determining how much people have to pay etc.
All of a child support payment is supposed to go to the child (though there are no controls in place to ensure it does) so that amount of income should be tax free if a custodial parent is given tax exemption
Eric
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