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The IRS recognizes the role ofparents and guardiansfor certain tax benefits as long as certain criteria are met.
Is Child Support Taxable?
The IRS does not consider child support as taxable income.
However, this isnt the case.
There are some exceptions to this general rule, which well cover below.
Who Can Claim the Child as a Dependent?
The custodial parent is the one with whom the child spends most nights during the year.
For instance, you may still qualify for the Child and Dependent Care Credit.
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