Child support does not affect taxes. Ever. Even if a judge rules that what a person can claim on taxes is affected by child support, that part of the judge's ruling is invalid. If you only make "around" $7000 per year and no one else can claim you as a dependent, then your federal income is $0. Your "earned" income is simply the amount that you make at work. Neither the child support nor the house payments affect this. If you itemize, which there is no reason for you to do, then the house payments would affect taxable income, but not earned income. If you do not itemize (which, again, is unnecessary), then they affect neither earned income nor taxable income.
by StephenWeinstein - a day ago
your personal exemptions are $3650 each, that would be 2, one for you and one for the child, $7300 your mortgage interest does not exceed the standard deduction, unless you have a lot more to itemized, therefore your standard is $8350 now you stand at a total of $15,650 that is not taxable your $7000 does not make a dent you can't use the child credit since it is used to wipe out tax liability you might be entitled to EIC and possibly the 'additional child credit'
by tro - a day ago
You probably don't owe tax. The standard deduction is more than your income.
by David14 - a day ago
4 Ways Tech Will Transform Shopping
Serial entrepreneur and investor Karim Hijazi has an insider’s perspective on cybersecurity, hacking, and botnets. As CEO of...
Landing Page Design: Rules Of Thumb Your Boss Expects You To Know
A landing page is a webpage that encourages visitors to your site to download a digital offer (an eBook, tip sheet or white...
A Franchise That Develops Leaders Was Just What This Military Veteran Was Looking For
Franchise Players is Entrepreneur’s Q&A interview column that puts the spotlight on franchisees. If you’re a...
The Best Google Analytics Reports For Improving Your Website
Google Analytics isn’t just for knowing how much traffic your website is getting, your top pages, and how your traffic...
How to Leverage Social Media Marketing to Enhance Brand Recognition
You would be hard-pressed to find a professional who will tell you that social media marketing is a newfangled idea that...
6 Essential Elements Of A Modern Website Redesign
New technologies, tools, advancements in mobile, and the power of social media have altered the online landscape over the...