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Alimony, Child Support, and Tax Filing

One thing you may need to keep in mind regarding your tax filing is the distinction between alimony and child support payments – and there is a difference.  Child support is NOT – under the current tax laws – considered a tax-deductible expense or taxable income. Alimony, however, is considered deductible. In some cases, divorcing spouses may try to declare a property settlement or child support as alimony payments. The IRS regulates this strictly, and has several rules regarding what is considered alimony.

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