Comments on: What Is Income For Tax Purposes?

By: Tax Guy

Tax Guy — Wed, 09 Mar 2011 09:42:02 +0000

Gina,
Spousal support is taxable but is not considered employment income. You report it as a support payment on Line 128 of your tax return.

Gina — Wed, 09 Mar 2011 01:18:21 +0000

if i receive spousal support can and is this considered employment income as far as filing my income tax is considered

Sarah — Thu, 18 Nov 2010 01:18:08 +0000

Thank you so much for your response. It is paid monthly so I should be good.

Tax Guy — Wed, 17 Nov 2010 21:35:25 +0000

Hi Sarah,
As long as you receive it periodically rather than lump sum and it has no conditions, then it is not income for tax purposes.

Sarah — Wed, 17 Nov 2010 20:41:05 +0000

This is my first year receiving child support. Do I have to claim this support when I file my 2010 return? Is this considered income?