Firstly, we must make clear that alimony and child support are two different types of payments and are taxed differently. States have many terms for spousal support; however, when we think of alimony we think of the amount paid by one former spouse to the other former marital partner under a divorce or separation agreement. […]
Tax Issues
Is there any way of structuring support payments to lower my taxes in NY?
Are alimony and child support taxable in New York? If so, is there any way of structuring spousal support or child support payments to my ex to lower my taxes?
Follow Us on Social Media