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Seven Key Things Women Need to Know About the Tax Implications ...


Nov 30, 2011 ... Now, it's time to specifically address the tax implications of alimony support payments. Child support payments or property settlements (i.e., ...

Publication 17 (2015), Your Federal Income Tax - IRS.gov


Whether you must recapture the tax benefits of alimony. Recapture .... The spouses are not members of the same household at the time the payments are made.

Tax Topics - Topic 452 Alimony Paid - IRS.gov


Dec 30, 2015 ... Alimony Requirements. Amounts paid under divorce or separate maintenance decrees or written separation agreements entered into between ...

Is this lump sum alimony/support payment tax deductible ...


Alimony is discussed in IRS publication 17, chapter 8. ... that i would make a one time, lump sum payment( approx $50K ). the lump sum payment will be satisfied ... normally be alimony as "not alimony for tax purposes" if that is part of the deal.

There is one tax break for divorcees - MarketWatch


Dec 16, 2013 ... For any payment (whether it's a one-time payment or part of a series of payments) to be treated as deductible alimony for federal income tax ...

10 Things You Need to Know About Divorce and Taxes | The ...


Nov 9, 2010 ... Divorce may not be as inevitable as taxes, but it can make taxes complicated. ... tax issues, and may even be filing your own tax return for the first time. Here are ten tips to help you handle tax issues now that you are divorced.

Alimony Payments Affect Taxes | Bankrate.com


Feb 16, 2016 ... When the end of matrimony leads to the start of alimony payments, it will affect each parting partner when it's tax time.

How Divorce and Separation May Affect Your Taxes - Efile.com


A life event such as separation or divorce has many tax implications. ... child lived with you for a longer period of time during the year than with your former spouse. ... During a divorce, it is important to carefully handle your retirement savings.

I received alimony payments. When do I have to claim this on my ...


This means that if you received alimony payments during the 2015 tax year, you must include the total amount received as alimony when preparing your 2015 ...

Reporting Alimony on Your Tax Return - The Balance


Sep 8, 2016 ... The recapture rule adds the amount of your deducted alimony back to your taxable income in future tax years, at which time it becomes taxable.

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Is Alimony Always Tax Deductible to the Paying Spouse ...


Generally, the paying spouse deducts alimony payment from their taxes, but there ... time looking at different payment scenarios and how they play out tax- wise, ...

Here are 10 steps to take advantage of your alimony tax deduction


Oct 30, 2011 ... If you've endured the agony of a divorce—and more than 50 percent of Americans have—there's a good shot you're paying alimony.

Divorce, Alimony, & Taxes: The Details - Rosen Law Firm


The spouse receiving the alimony payments must pay taxes on those payments .... is temporary alimony, there is less time to deal with complex tax calculations.