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How Is Alimony Treated for Tax Purposes?
How Is Alimony Treated for Tax Purposes?

How Did the Alimony Tax Deduction Use to Work? For decades, the Internal Revenue Code allowed taxpayers to deduct payments made toward alimony from their taxable income for federal income tax purposes. On the other end, taxpayers who received alimony payments were required ...

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Recent Posts
  • How Is Alimony Treated for Tax Purposes?

    How Did the Alimony Tax Deduction Use to Work? For decades, the Internal Revenue Code allowed taxpayers to deduct payments made toward alimony from their taxable income for federal income tax ...

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  • Should I Tell My Boss About My Divorce?

    You are certainly not required to tell your boss that you are getting a divorce, but doing so is often a mutually beneficial decision. Getting a divorce can potentially turn into a time-consuming ...

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  • How Does North Carolina Divide Marital Property?

    North Carolina is an equitable distribution state. This means that most judges in the state strive to split marital property in a way that is fair to both parties. Three Property Classifications North ...

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  • What Can I Do If My Ex Won’t Pay Child Support?

    In 2017, the U.S. Department of Health and Human Services reported that an estimated $10 billion in child support goes unpaid each year. That is about 15 million children without monetary support from ...

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  • Can You Modify an Order Post-Divorce?

    If your circumstances have changed due to an important life event, you can request a modification to your divorce decree to help cope with the changes. In most situations, the terms of a divorce are ...

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  • What Can I Do If My Ex-Spouse Won’t Pay Child Support?

    A family court order can cover a wide range of topics, including: child custody; child visitation; child support; alimony; and domestic violence. If one party violates a family court order, it can ...

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