Michigan Family Law: Are Child Support Payments Tax Deductible?

No. Child support payments are not included in the taxable income of the spouse receiving said child support and therefore cannot be deducted from the taxable income of the spouse who is making the support payments.

Michigan Family Law: If Parents are Divorced, which Parent is Entitled to the Tax Exemption for the Children?

As we prepare to file our income tax returns, divorced or separated parents of minor children often wonder - or fight over - which parent gets to claim the dependency tax exemption for the children. If the parents file a joint return, this is not an issue.

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My parents are listed as the beneficiaries on my life insurance and 401(k), but my new husband is listed as the beneficiary of my will. If I die, will my husband receive the proceeds of my life insurance and 401(k) through my will?

No. Your parents will receive the proceeds of the life insurance and the 401(k). Your will controls the distribution of your probate assets, which are those assets that do not have a designated beneficiary, such as your house.

Read more: My parents are listed as the beneficiaries on my life insurance and 401(k), but my new husband is...

Mike Toburen - Attorney at Law   

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Attorney Mike Toburen

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