Who gets mortgage interest deduction in divorce?
Table of Contents
Who gets mortgage interest deduction in divorce?
If the house is owned jointly after a divorce, and both former spouses are still paying the mortgage interest, then the deduction can still be split equally. If the house is in the name of only one ex-spouse, then only that individual has the right to claim the deduction.
Can mortgage interest be split between spouses?
If the home is jointly owned and the mortgage was paid from a joint account during the marriage, the mortgage interest deduction may be split equally between the former spouses for the pre-divorce portion of the year.
Do I have to pay taxes on money from a divorce settlement?
Maintenance payments made by a spouse or that are attributable to a payment made by a spouse is exempt income of the receiving spouse. If a spouse receives income from an existing trust as maintenance payments instead of directly from the other spouse, tax will be payable on that income.
Is talking to another girl considered cheating?
Having intimate physical or emotional contact with another person is typically considered cheating.
What is Microcheating?
“Micro-cheating refers to small acts that are almost cheating,” says Tammy Shaklee, LGBTQ relationship expert and founder of H4M Matchmaking. As a general rule, micro-cheating is anything that’s more emotionally, physically, or sexually charged than what’s considered kosher in your relationship.
