Child support payments in Australia can be a complex and often misunderstood topic when it comes to tax deductibility.
As a professional financial advisor, I'm here to shed some light on this common question and provide insights into the financial implications.
Firstly, it's important to understand that in Australia, child support payments are generally not tax-deductible for the paying parent.
The reasoning behind this is that child support is viewed as a personal expense, rather than a business or investment-related expense.
The government's stance is that the cost of raising children is a personal responsibility and should not be subsidized through the tax system. - https://australiafocusguide.com/blog/is-child-support-tax-deductible-australia/?unique_id_3rjbenma
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