Everything You Wanted to Know About LAW and Were Afraid To Ask

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Now, let’s go over the second part of divorce settlement mathematics – alimony is tax-deductible for the payor and taxable to the payee. Says who? The IRS, that’s who. Alimony is a deduction from the payor’s taxable revenue. The tax bracket of the payor determines just how much that alimony dollar really value, which may very well be as little as about seventy cents for a high income earner. If you happen to symbolize the payee, it’s a must to …