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https://www.divorcemediationtexas.com/blogs/alimony-and-spousal-maintenance-rules-better-get-it-right
Alimony (spousal maintenance) is a payment of money to a former spouse that continues after divorce. Alimony is tax deductible to the payer and taxable as income to the recipient if the payments truly qualify as alimony under IRS rules.
https://www.bryanfagan.com/family-law-blog/2016/september/3-important-facts-about-texas-alimony-and-spousa/
Sep 29, 2016 · Houston Spousal Support Attorneys. You may have heard that there is no “alimony” in Texas. While it is true that there is no statutory or common law spousal payment called “alimony” in this state, there are three spousal payment types in Texas that are similar to the concept of alimony in other states: Temporary Spousal Support.
https://www.bencarrascolaw.com/information/alimony/alimony-in-texas/
Nov 15, 2016 · Alimony in Texas (spousal support) is often referred to as spousal maintenance. Its intention is to provide a lower earning spouse with the time needed to build and develop the skills and/or education needed to support him or herself after a divorce.5/5(1)
https://divorceandyourmoney.com/blogs/alimony-in-texas/
The spousal support, or alimony deduction, has been in place for decades, and was used as something of an incentive for high earning spouses who wanted to take advantage of tax-related benefits that came with said law.
https://www.austindivorcelawyer.com/how-will-divorces-in-texas-be-affected-by-the-new-tax-law/
Recipients of spousal maintenance or contractual alimony will no longer be required to pay taxes on the amount received. However, this new tax law will only apply to those couples who finalize their divorce after December 31, 2018. This tax law change has the potential to change the amount of contractual alimony that might be offered as a potential settlement tool.
https://www.divorcemediationtexas.com/blogs/how-do-i-get-alimony-or-spousal-support-texas
Don't forget to consider how spousal support can affect child support in Texas. Spouses seeking spousal maintenance or contractual alimony in Texas must consider the complete financial picture, and take account the tax implications and the emotions alimony brings up for everyone involved.
https://www.freep.com/story/money/personal-finance/susan-tompor/2018/12/19/divorce-alimony-income-tax-deduction/2310068002/
Dec 19, 2018 · It's a big deal if you're paying $30,000 a year or far more in spousal support and you're in a higher tax bracket. Alimony was treated as a highly favorable, above-the-line tax deduction that ...
https://collaborativedivorcetexas.com/spousal-maintenance-alimony-wont-deductible-2019/
Jan 12, 2018 · Under the old tax law, because the spouse receiving alimony or spousal maintenance is usually in a lower tax bracket after a divorce, more money stays with the divorcing couple rather than going to the Federal Government. Starting in 2019, spousal maintenance or alimony deduction will no longer be tax deductible.
https://www.northtexasfamilylawyers.com/alimony-spousal-maintenance-frisco-tx/
Until recently, Texas was the only state without some form of post-divorce spousal support statute. The term commonly used to refer to post-divorce payments is “alimony” but the Family Code refers to those payments as “spousal maintenance.”
https://www.marketwatch.com/story/new-tax-law-eliminates-alimony-deductions-but-not-for-everybody-2018-01-23
Jan 29, 2019 · There’s no change in the federal income tax treatment of divorce-related payments that are required by divorce agreements that are executed before 2019. However, for these payments to qualify as deductible alimony, payers must still satisfy the time-honored list of specific tax-law requirements.
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