Searching for Spousal Support Tax Questions information? Find all needed info by using official links provided below.
https://www.cokerlegal.com/blog/2019/february/have-questions-about-the-2019-alimony-tax-change/
With tax season approaching, you should consult a tax professional if you have any questions about the update and your particular situation. For the most part, however, spousal support taxes for your 2018 tax return will be based on the old rules (i.e. deductions if you pay, and taxed income if you receive).
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.
https://www.investopedia.com/articles/tax/10/spousal-support-taxation.asp
The tax rules use to be different based on what kind of support was provided, with alimony being tax deductible. But under the Tax Cuts and Jobs Act, that is no longer the case.
https://stepstojustice.ca/questions/family-law/how-spousal-support-taxed
Nov 30, 2017 · The tax rules are different for spousal support and child support. You receive spousal support If you receive monthly spousal support, you must pay income tax on the total support you receive each year. And, you can claim a tax deduction on legal fees spent to get monthly spousal support. But, if you receive all of your spousal support at once in a lump-sum payment, you do not pay income tax ...
https://silvertaxgroup.com/reporting-alimony-as-income/
May 17, 2019 · So, if you deducted $10,000 from your taxes in 2016 and declared it as alimony, but your spouse declared it as child support, then you might have $10,000 added on to your tax bill this year if the IRS decides it was child support.Location: 1685 Baldwin Ave Suite #300, Pontiac, 48340, Michigan
https://www.justanswer.com/tax/bdowc-legal-tax-question-family-support-payments-considered.html
Jul 04, 2018 · Legal tax question:Are family support payments considered alimony? What needs to be in the divorce decree that shows it’s alimony? Should it mention in the decree that it is deductible by the person giving it and included as income by the recipient?Please provide references.Thanks!5/5(3.1K)
https://www.huffpost.com/entry/divorce-tax-tips-five-mos_b_2480299
Mar 31, 2013 · Divorce Tax Tips: Five Most Common Tax Questions IRS forms can come across as a confusing number jumble (1040, 1099, 8332, W-2). What already is a complex and disconcerting process for many is exacerbated by divorce.Author: Joseph E. Cordell
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