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Is social security retirement income allowed to be garnished for alimony arrears and payments?
no
Can the new wife be responsible for paying alimony to her husband's ex-wife?
No, you would not be responsible for your husband's alimony payments to his ex-wife if he can't pay. Your income is not considered a factor in payments. Depending on the agreement, your husband may modify the alimony payments in court if he can show proof he is unable to pay.
How can you deduct alimony payments when paying taxes?
Alimony payments are deductible as an above-the-line deduction on your Federal income taxes. They are reported on Line 31a of Form 1040 for 2010. Note that Line 31a also requires you to report the Social Security Number of the person you paid alimony to, because it will be considered taxable income for them. It's important to point out that child support payments are NOT deductible. So, if you are making monthly court-ordered payments that include both alimony and child support, you can only deduct the portion of those payments that are considered alimony. Usually the court order will specify these amounts.
Can alimony payments made directly to spouse instead of through the court be considered a gift instead of a payment?
If the payments do not go through the court, they are not counted as being made as ordered.
What factors should be considered when determining the best state to get a divorce in terms of alimony payments?
When determining the best state for alimony payments in a divorce, factors to consider include the state's laws on alimony, the length of the marriage, each spouse's income and financial needs, and any prenuptial agreements in place. It is important to consult with a legal professional for guidance on the specific laws and implications in each state.
What state prohibits alimony payments ordered by courts?
Texas
How much were Johnny Carson's highest alimony payments?
Yes.
If paying alimony and ex spouse becomes eligible to draw Social Security on ex spouse who is paying alimony can alimony payments stop?
It depends on the wording of the alimony decree. Generally, the alimony and the Social Security are independent of one another.
Who pays taxes on alimony?
In the United States, the recipient of alimony payments is responsible for paying taxes on that income. Conversely, the payer of alimony can deduct the payments from their taxable income, provided the divorce agreement was finalized before the end of 2018. However, for divorce agreements finalized after December 31, 2018, alimony payments are no longer tax-deductible for the payer, and the recipient does not pay taxes on the alimony received. Always consult a tax professional for specific situations.
Is alimony considered earned income for IRA contributions?
No, alimony is not considered earned income for IRA contributions.
Do you still have to make alimony payments if you were not paid while on vacation?
Yes.
Can alimony payments stop being paid after judge sets child support payments?
No. Alimony is intended to support the ex-spouse (generally, for a limited period of time). Child support is intended to support the children.
