Secrets Your Divorce Lawyer Will Not Bother Telling You

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Your Ex-Spouse Can Be A Great Tax-Shield

Source: https://www.hrblock.com

People who pay alimony never seem to see any good in it. But come tax time, the one paying the alimony can declare it as a tax deduction, while the one receiving the alimony must report it as taxable income. However, this is not to be confused with child support, which is neither taxable or deductible.