The recapture rule forces the alimony payer to report as income the alimony payments they previously deducted, which means the ex-spouse is entitled to reduce from income the alimony payments [...]
If you’re going through a divorce, the last thing you may have on your mind is how the breakup will affect you and your ex-spouse on your next tax return. Filing Status Couples who are [...]
A lot of people wonder if child support payments count as part of their income. The answer varies a great deal depending on the context, and it’s important to plan for this if you’re getting a [...]
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