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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.investopedia.com/articles/tax/10/spousal-support-taxation.asp
The type of spousal support paid after a divorce can have varying tax implications. Learn how to settle on the best tax solution for both parties.
https://family-law.freeadvice.com/family-law/spousal_support/support_payments_tax.htm
Alimony or spousal support payments are tax deductible by the payer and taxable income to the supported spouse on separation or divorce agreements signed before 2019. Beginning in 2019, under the 2017 Tax Cuts and Jobs Act, there are new rules: there is no tax deduction for the payer for alimony payments and recipients of the payments will no ...
https://www.wkfamilylaw.com/pays-taxes-spousal-support/
Mar 31, 2015 · Taxes and Spousal Support. Typically, spousal support is tax deductible for the payer provided: • The money is paid in cash, money orders, or checks • You and your ex-spouse are not living together, and • The support is not considered child support. In most cases, you must claim your spousal support deduction on line 31 of federal Form 1040.
https://www.dissolutionanddivorce.com/tax-reform-passage-brings-overhaul-of-spousal/
Spousal support can be an important component in many divorce negotiations as well and, as this article previously mentioned, taxes, both federal and state, cannot be ignored. More simply stated, spousal support is a hot button topic in many divorce proceedings today.
https://www.legalmatch.com/law-library/article/spousal-support---tax-implications.html
What Are Common Tax Implications of Spousal Support? 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.Author: Ken Lamance
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