The adventures & musings of an Enrolled Agent representing clients in Tax Controversy cases at the Neighborhood Christian legal clinic - Low Income Taxpayer Clinic.

Indianapolis, Indiana

Tax Deduction for Alimony Payments? – Yes!

Tax Deduction for Alimony Payments? – Yes!

Over 50% of marriages end in divorce in the United States. Many divorce decrees include provisions for the payment of alimony. The IRS takes the position that such payments constitute a form of income and create an alimony tax deduction for the person making payments. (https://www.irs.gov/publications/p17/ch18.html) According to the IRS, alimony payments are taxable toRead more about Tax Deduction for Alimony Payments? – Yes![…]