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Smart Divorce in Texas

Is alimony in Texas tax deductible?

Posted by Diane Wanger | Mar 19, 2014 | 0 Comments

Only for divorces finalized before December 31, 2018, 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

About the Author

Diane Wanger

Diane M. WangerExperience and Wisdom  I was board-certified in Family Law by the Texas Board of Legal Specialization in 1992. About me and my practice: Family Law (Peaceful)• Uncontested Cases (Can only represent one party under ethics rules)• Collaborative Law (Can only represent party unde...

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