Feb 26, 2013 ... NEW YORK (MainStreet) — If you are paying alimony you may be able to claim an “above-the-line” deduction on your 2012 Form 1040.
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., ...
Tax Treatment of Alimony. Amounts paid to a spouse or a former spouse under a divorce or separation instrument (including a divorce decree, a separate ...
If spouses follow certain rules, the IRS allows the paying spouse to deduct the alimony payments for tax reporting purposes. In turn, the recipient must report the ...
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.
First, if the issue is temporary alimony, there is less time to deal with complex tax calculations. It simply does not make sense to spend so much time figuring out ...
When the end of matrimony leads to the start of alimony payments, it will affect each parting partner when it's tax time.
Nov 9, 2010 ... Here are ten tips to help you handle tax issues now that you are divorced. ... Likewise, the recipient of alimony must claim it on her tax return, but child support .... My divorce has taken a long time, we are still in the process (a ...
If you're the spouse who is paying alimony, you can take a tax deduction for the payments, ... The time your spouse owned the place is added to your period of ownership for purposes of ... Handle your retirement savings with care in a divorce.