Is alimony included in child support calculations?
Is alimony included in child support calculations?
The IRS treats spousal support payments received as income to the recipient for individual income tax purposes. For purposes of determining the appropriate amount of child support, courts will consider spousal support payments received as a financial resource of the receiving spouse.
When should you ask for alimony?
A judge will assess if one spouse has a demonstrated financial need and if the other spouse has the ability to pay alimony. Alimony is generally awarded in cases where the spouses have very unequal earning power and have been married a long time.
Can you avoid spousal support?
Best Tips to Avoiding Alimony Individuals will usually seek a prenuptial agreement when one spouse makes or has significantly more money than the other as a means to protect their assets during divorce. Other reasons for having a prenuptial agreement entered is to avoid having to pay alimony to the other spouse.
When can alimony be denied?
Most jurisdictions will allow the court to award alimony after denying or not addressing it where the divorce judgment were reached in error, due to such factors as fraud, accident, or mistake. This might happen when one spouse was hiding assets or where the Court made a math error in calculating alimony.
