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Alimony and Child Support: Tax Rules For 2025
Taxes are already complicated enough without adding divorce or dependents to the mix. But if you’ve been making or receiving ...
Despite being paid 83 cents for every dollar men earn 40% of families, there’s been an increase of women paying spousal support to men. Mary J. Blige can attest to this and recently shared her ...
Temporary spousal support may be ordered by a Circuit Court in a divorce action or by a Juvenile and Domestic Relations District Court (“JDR Court”) upon petition of a spouse after the parties ...
The formula created to determine the New York spousal support (maintenance) guidelines was created assuming that the support calculated would be fully taxable to the payee and deductible to the payor.
Generally, whether a payment is alimony depends on IRC section 71(b). Alimony and separate maintenance payments (collectively referred to as alimony) are taxable to the recipient and deductible by the ...
The Tax Court held that spousal support payments received by a taxpayer from her ex-husband prior to the fourth and final support reduction were alimony payments, not child support, since the final ...
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