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https://www.irs.gov/taxtopics/tc452
Jan 03, 2020 · Child support is never deductible and isn't considered income. Additionally, if a divorce or separation instrument provides for alimony and child support, and the payer spouse pays less than the total required, the payments apply to child support first. Only the remaining amount is considered alimony. Reporting Taxable Alimony or Separate ...
https://www.divorcenet.com/resources/divorce/divorce-taxation/child-support-alimony.htm
If you’re going through a divorce, you may have questions about alimony, child support, and taxes. The IRS governs what can be taxed and the general rule is: alimony is deductible while child support is not.Author: Teresa Wall-Cyb
https://www.hrblock.com/tax-center/income/other-income/alimony-and-child-support/
There’s a tax difference between alimony and child support payments. A person making qualified alimony payments can deduct them. Alimony payments received by the former spouse are taxable and you must include them in your income. The payor can’t deduct child support, and payments are tax-free to the recipient. To qualify for the alimony ...
https://www.irs.gov/faqs/interest-dividends-other-types-of-income/alimony-child-support-court-awards-damages/alimony-child-support-court-awards-damages-1
Alimony, Child Support, Court Awards, Damages 1 ... Child support payments are neither deductible by the payer nor taxable to the recipient. When you calculate your gross income to see if you're required to file a tax return, don't include child support payments received.
https://www.1040.com/tax-guide/taxes-for-families/alimony-and-child-support/
After a divorce, it’s common to forget that alimony and child support can affect your taxes. Here’s how. Tax Reform Effects on Alimony Reporting. Tax Law Update: The Tax Cuts and Jobs Act of 2017 changed the way alimony is treated on tax returns. Key here is the date the divorce was finalized:
https://www.huskerlaw.com/blog/2019/01/is-alimony-taxable-income/
Jan 30, 2019 · Child support is different. It isn’t considered taxable income. If it’s not reported on your tax return, then the party paying it can’t claim it as a deduction. If your ex-spouse doesn’t claim a deduction on the alimony you were paid in 2018, there’s no need for you to report it as income.
https://www.freep.com/story/money/personal-finance/susan-tompor/2018/12/19/divorce-alimony-income-tax-deduction/2310068002/
Dec 19, 2018 · But, she added, all sorts of circumstances can come into play where alimony might come into the picture, such as a spouse with very poor health or someone who is …
https://www.thebalance.com/alimony-and-taxes-3193082
May 16, 2019 · The Internal Revenue Service reserves the right to “recapture” your deductions if it determines that the payments were actually in the nature of property settlement or child support. This means that the amount of alimony you deducted must be added back to your income in future tax years, at which time it becomes taxable.
https://www.poynerspruill.com/thought-leadership/how-the-new-tax-law-changes-alimony-and-child-support/
Mar 22, 2018 · Child support, in contrast, is not currently considered taxable income to the party receiving it and is not deductible by the party paying it. As of January 1, 2019, alimony will be treated just like child support. Therefore, for all agreements made or orders entered from that date forward, the party paying alimony will not be able to deduct ...
https://www.wife.org/the-new-tax-bill-changes-how-alimony-is-taxed.htm
This change also puts alimony in line with the way child support is taxed. What This Change Means for Divorce. Divorce attorneys and Certified Divorce Financial Analysts have been mulling over this change trying to determine how it will affect their clients.
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