Learn about tax issues involved with alimony (spousal support) and child support payments.
Alimony, Child Support and Taxes
Individuals going through a divorce must consider that child support or alimony they are paying or receiving is taxable or tax deductible.
Is Alimony Always Tax Deductible to the Paying Spouse?
Generally, the paying spouse deducts alimony payment from their taxes, but there are exceptions.
The Seven Rules of Alimony and Taxes
In order to qualify as a tax deduction, spousal support payments must be made within certain guidelines.