My car was a total loss due to an accident. I received 7,000 from the insurance company. Is it considered income? I received child support for my son. Do I include it?

wildeconatura · ‎June 7, 2019

TomD8 · ‎June 7, 2019

An auto insurance payout for vehicle loss or damage is NOT taxable income, nor are child support payments. You don't report either on your tax return.

**Answers are correct to the best of my ability but do not constitute tax or legal advice.

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TomD8 · ‎June 7, 2019

An auto insurance payout for vehicle loss or damage is NOT taxable income, nor are child support payments. You don't report either on your tax return.

**Answers are correct to the best of my ability but do not constitute tax or legal advice.

wildeconatura · ‎June 7, 2019

Thanks!

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My car was a total loss due to an accident. I received 7,000 from the insurance company. Is it considered income? I received child support for my son. Do I include it?

My car was a total loss due to an accident. I received 7,000 from the insurance company. Is it considered income? I received child support for my son. Do I include it?

My car was a total loss due to an accident. I received 7,000 from the insurance company. Is it considered income? I received child support for my son. Do I include it?

My car was a total loss due to an accident. I received 7,000 from the insurance company. Is it considered income? I received child support for my son. Do I include it?

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My car was a total loss due to an accident. I received 7,000 from the insurance company. Is it considered income? I received child support for my son. Do I include it?

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My car was a total loss due to an accident. I received 7,000 from the insurance company. Is it considered income? I received child support for my son. Do I include it?

My car was a total loss due to an accident. I received 7,000 from the insurance company. Is it considered income? I received child support for my son. Do I include it?

My car was a total loss due to an accident. I received 7,000 from the insurance company. Is it considered income? I received child support for my son. Do I include it?

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