Find all needed information about Alimony Same Child Support. Below you can see links where you can find everything you want to know about Alimony Same Child Support.
https://study.com/academy/lesson/what-is-the-difference-between-alimony-child-support.html
Child Support Unlike alimony, child support is based only on the existence of a child and the living arrangements of the legal parents, which means the parent the court recognizes as owing support...
https://www.protective.com/learning-center/preparing-for-divorce/alimony-and-child-support/
Unlike alimony, there is no tax deduction for child support. The person receiving child support also does not need to pay income tax for receiving this money. Alimony and child support are common components of preparing to financially separate from a spouse .
https://www.differencebetween.com/difference-between-alimony-and-vs-child-support/
The difference between Alimony and Child Support is thus clear. While both constitute court-ordered payments following a divorce or legal separation they differ in their purpose and nature. • Thus, Alimony is a form of payment or monetary compensation made by one spouse to the other spouse in the event they file for divorce or separation.
https://www.divorcenet.com/resources/divorce/divorce-taxation/child-support-alimony.htm
The IRS governs what can be taxed and the general rule is: alimony is deductible while child support is not. Although tax laws can be complex and for that reason, seem intimidating, knowing some of the rules can give you a leg-up during settlement negotiations or at least a heads-up to how your federal tax responsibilities will change upon divorce.Author: Teresa Wall-Cyb
https://family.findlaw.com/divorce/spousal-support-alimony-basics.html
When a married couple gets a divorce, the court may award "alimony" or spousal support to one of the former spouses, based either on an agreement between the couple or a court decision. Learn about this and more at FindLaw's Alimony section.
Need to find Alimony Same Child Support information?
To find needed information please read the text beloow. If you need to know more you can click on the links to visit sites with more detailed data.