Do you have to pay child support if you have joint custody in Indiana?
Do you have to pay child support if you have joint custody in Indiana?
When joint custody is awarded, Indiana courts handle child custody differently than they handle a sole custody arrangement. When there is no significant difference in the net incomes of the two parents, in most cases, no child support order or payments are necessary or required.
Who pays child support when custody is 50 50?
In “flat-rate” states, even in a 50/50 child custody arrangement, one parent is designated the residential or primary custodial parent for child support purposes and the other parent is paying a percentage of their income in accordance with the law regardless.
What age do you stop paying child support in Indiana?
19 years old
Are more stimulus checks coming?
Fourth stimulus checks are unlikely. Here’s what federal aid could be coming next. As more $1,400 stimulus checks go out, many people wonder if more payments will follow. While the answer right now is no, more help could be coming to parents and the unemployed.
Is the stimulus a tax credit for next year?
The stimulus payment — or economic impact payment, as the IRS calls it — is technically a tax credit. Some people assume that the IRS will add the amount to your income, generating a bigger tax bill, or reduce your future tax refund when you file your tax return next year.
Will the stimulus check affect my refund next year?
Will my stimulus payment reduce my expected 2021 tax refund? No, your EIP won’t reduce your tax refund. Your tax refund is money paid back to you because you overpaid your taxes during the year. The stimulus check is a separate payment outside of your tax obligations.
Will the stimulus check reduce my tax refund for 2020?
Because the stimulus payments aren’t considered income by the tax agency, it won’t impact your refund by increasing your adjusted gross income or putting you in a higher tax bracket, for instance.
Do you have to claim stimulus on 2020 taxes?
″…the Payment is not includible in your gross income. Therefore, you will not include the Payment in your taxable income on your Federal income tax return or pay income tax on your Payment. It will not reduce your refund or increase the amount you owe when you file your 2020 Federal income tax return.”
Does the child tax credit phase out?
For tax year 2021, eligible families will receive more money per child — and they’ll start getting it before filing this year’s tax returns in 2022. If your AGI is above these amounts, the credit phases out in $50 increments for every $1,000 above the threshold.3 dagen geleden
