Tax Effects of Divorce or Separation Tax Tip:

If you are divorcing or recently divorced, be aware of this event can have an impact on your taxes. Any child support payments you receive/pay are not taxable or tax deductible. However, alimony received  from your former spouse is taxable income in the year received. Alimony paid under a divorce, separation decree are tax deductible. If you need assistance preparing your return, contact DTA at 877-DTA-6379 or [email protected]. #DTATips #irs #taxes #accountant #spouse #marriage #divorce #separation #husband #wife #alimony #child #children #childsupport

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