Spousal Support On Taxes

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Topic No. 452 Alimony and Separate Maintenance Internal ...

    https://www.irs.gov/taxtopics/tc452
    Jan 03, 2020 · Tax Treatment of Alimony and Separate Maintenance Amounts paid to a spouse or a former spouse under a divorce or separation instrument (including a divorce decree, a separate maintenance decree, or a written separation agreement) may be alimony or separate maintenance payments for federal tax purposes. Certain alimony or separate maintenance payments are deductible by the payer spouse, and the recipient spouse …

The Fundamentals of Spousal Support Taxation

    https://www.investopedia.com/articles/tax/10/spousal-support-taxation.asp
    Key Takeaways Alimony and child support are the two types of financial assistance that are awarded to ex-spouses,... In the past, alimony was tax deductible for the payor and reportable as taxable income by the recipient; Child support payments have never been tax deductible and remain not ...

CLARIFICATION: Changes to deduction for certain alimony ...

    https://www.irs.gov/forms-pubs/clarification-changes-to-deduction-for-certain-alimony-payments-effective-in-2019
    Alimony or separation payments paid to a spouse or former spouse under a divorce or separation agreement, such as a divorce decree, a separate maintenance decree, or a written separation agreement, may be alimony for federal tax purposes. Alimony or separation payments are deductible if the taxpayer is the payer spouse. Receiving spouses must include the alimony or separation …

Spousal Support - Tax Implications LegalMatch

    https://www.legalmatch.com/law-library/article/spousal-support---tax-implications.html
    The most important tax implication of spousal support concerns which spouse claims a deduction. Persons who pay spousal support to an ex-spouse can deduct the amount of the payment from their taxable income. However, persons who receive spousal support must report it as taxable income. This tax implication only applies to couples who have an order of dissolution of marriage.Author: Ken Lamance

Who Pays Taxes on Spousal Support? WK

    https://www.wkfamilylaw.com/pays-taxes-spousal-support/
    Mar 31, 2015 · Tax laws for spousal support involving same-sex marriages may not be the same as those for other married couples. Your family law attorney can help you understand what affects spousal support may have on your taxes as well as how long you can expect to pay or receive spousal support.

Tax deduction for alimony ends in 2019: Here's what it means

    https://www.freep.com/story/money/personal-finance/susan-tompor/2018/12/19/divorce-alimony-income-tax-deduction/2310068002/
    Dec 19, 2018 · The ex-spouse who pays alimony will no longer be able to deduct that expense unless the divorce settlement takes place before Dec. 31. 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.



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