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Spousal support payments would not be deductible on your income tax return.
Only Alimony payments would be deductible on your 1040 income tax return.
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∙ 13y ago
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Is the interested paid on a back spousal support payment tax deductible?
Personal interest is not tax deductible
How do you claim child support on your income tax return?
Child support is not income to the recipient or a deduction for the payer. Spousal support, also called maintenance or alimony, is income to the recipient and deductible for the payer.
If judgment says in lieu of spousal support are those payments considered taxable income?
No. However, if goods or real estate is recieved in lieu of spousal support, and the recipient then sells it, the recipient would then be responsible for any tax burden for the sale. Monetary spousal support payments recieved are not considered taxable income.
Can unemployment benefits be garnished in Louisiana for court ordered child support?
Yes, as can spousal support and federal tax arrears.
Do you have pay taxes on spouse support court order?
The one receiving it does. It's tax deductible to the payer. It's also deductible prior to calculating child support.
Can a spouse waiver spousal support by not enforcing a spousal support order?
No. The spousal support order remains in effect until it is modified by the court.
How does child support payments effect your income taxes?
It's neither taxable, or tax deductible.
What can you tell me about a Roth IRA tax deductible?
The benefit to a ROTH IRA tax deductible is that it is TAX DEDUCTIBLE. But that does not mean that there are no implications, so you still have to be thorough.
Is tax preparation tax deductible?
Yes. Tax Preparation does lies under business investment thus, is tax deductible.
If my soon to be ex husband makes gross 4700.00 a month and pays 900.00 in child support how much spousl support will you receive?
Any spousal support would reduce his child support, as it is a deductible item off his gross income, and there are no clear guidelines for setting it.
Is Gas sales tax deductible?
Gas tax is an excise tax not a sales tax. It is therefore not deductible for federal income tax purposes.
Is pet insurance tax deductible in Arizona?
Not deductible on your federal income tax return.
