Taxes Tag

Deductible Funeral Expenses  Being the executor or CPA of a will is never easy. You spend a lot of time and money dealing with funeral arrangements while fulfilling the wishes of your loved one. There are expenses from the funeral that are deductible from the estate. Other expenses, such as medical, can also be deducted from your taxes. However, most funeral expenses are not tax...

Is Child Support Taxable Your child support is not a taxable or deductible expense. As tax season comes along, many separated and divorced parents question which of their child’s expenses can be deducted from their gross income. Neither the custodial or non-custodial parent should include child support payments on their taxes.  Generally, the custodial parent (primary caregiver) is...