Monday, November 24, 2008

Eleven Divorce Myths Debunked, Part 7

When people hear the word “divorce,” their minds rocket toward catastrophe. Sadly, those predictions of doom are often true. But divorce itself doesn’t create a crisis any more than a stick of dynamite explodes a building. Instead, a chain of deliberate actions transforms what could be simple, quick, and inexpensive into a costly, messy, and time-consuming debacle. Family and Divorce Mediator Matthew M. House, J.D. corrects some common myths about divorce so that the public is not terrified by the prospect of their lives collapsing just because a marriage ends.


MYTH #7: What little money I get in child support will be partially eaten up by taxes.


TRUTH: Child support is a non-taxable transaction. The person who pays does not get to deduct the payments, and the person who receives does not have to pay taxes on them. Spousal support does have tax implications, but child support does not. You can be assured that when you get a check for a certain amount of child support, you will be able to spend every penny on your kids.

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