As defined in classic philosophy, an axiom is a statement that is so evident or well-established, that it is accepted without controversy or question. As used in modern logic, an axiom is simply a premise or starting point for reasoning.
Financial Planner. Iâm often asked if someone can take an income tax deduction for money they gift to their children. Gifts to individuals are not tax deductible. Tax deductions can only be taken for gifts to organizations on the IRS list of approved charities. However, there is a way to get a partial deduction for money that will eventually go to your children. A charitable lead annuity trust (CLAT) gifts money to a charity first, and then passes assets to your beneficiaries.
Enter Your Zip Code to Connect with a Lawyer Serving Your Area. Child support is tax-free for federal income tax purposes, meaning neither the recipient spouse nor the child owes taxes on it. However, unlike spousal support, child support payments are not tax-deductible by the parent who makes the payments.(Spousal support is tax-deductible for the person who makes the payments and taxable to the recipient.).f the agreement lumps child support and alimony payments together, as family support or alimony, or doesn't otherwise designate a specific portion of each payment as child support, none of the payment will be considered child support for tax purposes.