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Actually, limited time alimony is better to pay than child support.
Child support separate from alimony only became common some 40 years ago. Alimony is tax deductible, while child support is not.
When calculating child support, alimony is a deductible item from gross earned income on which the calculations are based, thus less child support is ordered. In addition, the alimony adds to the total taxable the other parent, resulting in them taking on a greater obligation in the support of the children.
Balancing the benefits of one over the other is something to discuss with a tax accountant. Reducing taxable income, as a result of paying alimony, could bring the obligor into a lower tax bracket. Combining this with the lower child support obligation could actually create an overall savings as compared to just paying child support.
What else can I help you with?
Can social security disability ever be garnished for alimony?
Yes, social security disability benefits can be garnished to pay alimony or child support obligations. The government allows up to 50% of your disability benefits to be garnished for this purpose.
Does debt cancel out child support and alimony?
no
Can Social Security Disbility benefits or pension be garnished?
Social Security Disability benefits are protected from most types of garnishment, except for certain circumstances like child support or alimony. Pension benefits are generally protected from garnishment, but can be subject to garnishment for specific reasons, such as unpaid taxes or child support.
Does Jim McGreevey pay child support or alimony to his first wife?
The judge denied any award of alimony and awarded Matos the sum of $1,075 per month in child support. The former first couple was ordered to divide their joint investments and any retirement benefits accrued during their four year marriage equally.
What has the author Eileen Baris Luboff written?
Eileen Baris Luboff has written: 'How to collect your child support & alimony' -- subject(s): Alimony, Child support, Law and legislation
Can an unemployed wife in Florida get alimony and spousal support if she has two small children and is pregnant with the third child?
Alimony and Spousal Support are the same thing. If you're awarded custody of the children, you'll receive child support. But alimony has nothing to do with whether or not you have children.
My alimony payments are over does the child support recalculate automatically or does that get renegotiated manually between the ex and I?
Child support is not recalculated automatically, and there's no reason it would change with the end of alimony.
What are the release dates for Ante Usted - 2008 Child Support and Alimony Modifications?
Ante Usted - 2008 Child Support and Alimony Modifications was released on: USA:20 October 2011
What happens if you front load or disguise child support or a property division as alimony?
Child support is not mandatory and can be included as a provision of Alimony, which is financially beneficial to the one paying. see link below
What are negatives of the one child?
Abuse towards womenDiscrimination against girlsSpoiled child
What celebrity pays the most alimony or child support?
mel gibson
Maximum garnishment for alimony in Illinois?
what is the maximum percentage or $ for garnishment of wages for alimony in illinois. I have fully completed child support and am continuing to pay for their colleges. I am trying to get alimony lowered but having a difficult time.
