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Divorce and Family Law Office of Diane M. Wanger, PC Near Southlake, Colleyville and Bedford

304 Harwood Road
Bedford, TX 76021
Call Us: 817-285-2855

Smart Divorce in Texas

Is alimony in Texas tax deductible?

The Internal Revenue Code provides that post divorce alimony payments are tax deductible by the paying spouse and taxable to the recipient spouse as "ordinary income." For this reason, it is not uncommon for a negotiated settlement to include the payment of a high amount of spousal support, because such a payment results in tax benefit to the payor.  There are some limits to the application, so be sure to check with your tax professional.For Smart Divorce in Texas

Diane

Diane Wanger

Diane M. Wanger is well known as a leading Board Certified Family Law attorney in Tarrant County, Texas with emphasis in Divorce. She also offers will drafting and probate representation for simple estates.

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