Taxpayer asks: Can you tell me is alimony and maintenance the same thing and do I have to claim this money on both my federal tax and NYS tax? Taxgirl says: If it’s court-ordered spousal maintenance, then yes, that’s likely alimony and you have to report that as income on your federal taxes. For more…
Remember to report alimony received as income, alimony paid as a deduction but child support? It’s tax neutral. #TwitterTaxTip (For more on twitter tax tips, see my prior explanatory post.)
Taxpayer asks: Hi Taxgirl,My wife filed for divorce in Tennessee Aug 2007. Moved out of the house in Dec 2007 and have paid her money ordered by the court as spousal support.I’ve paid all year and want to know if I can claim this money paid as alimony. Thanks for your help! Taxgirl says: It…
Taxpayer asks: I PAY MY XWIFE SUPPORT CAN I CLAIM THAT MONEY ON MY TAXES? Taxgirl says: This is another one of those questions for which I have received a bunch of variations on a theme. It’s not just high profile divorcees like Britney Spears and Kevin Federline, pictured above, who have to deal with…
Notwithstanding the train wreck that is Britney Spears these days, there has been a lot of criticism of Kevin Federline’s requests for child support and spousal support. Initially, K-Fed was receiving (according to TMZ.com) $15,000 per month in child support with joint custody, and an additional $20,000 per month in spousal support. The amount of…