Do I have to pay taxes on temporary spousal support?
Table of Contents
Do I have to pay taxes on temporary spousal support?
I am frequently asked if a person who is obligated under a temporary court order may deduct those maintenance (spousal support) payments, from their taxes. While there is no specific I.R.S. The payments cannot be designated as non-taxable (not includible in gross income and not allowable as a deduction.
What’s the difference between alimony and maintenance?
Alimony may be paid to the spouse in lump sum as cash or any other kind of payment method, as well as in form of property after the divorce is finalised. Unlike alimony, maintenance is only paid in form of cash or any other kind of payment method and the husband cannot pay maintenance to wife in form of property.
What is maintenance in a divorce settlement?
Family Law matters Spouse maintenance is financial support paid by a party to a marriage to their former husband or wife in circumstances where they are unable to adequately support themselves.
