by Miguel A. Palma, CPA, PFS, CGMA & Tax Advisor | Apr 17, 2023 | Divorce, Tax Assessment
💔Going through a divorce is tough enough, but it’s important to consider the financial implications, including the tax treatment of child support payments and alimony. Here’s what you need to know: 💰 Alimony Payments Alimony payments were tax-deductible...
by Miguel A. Palma, CPA, PFS, CGMA & Tax Advisor | Apr 15, 2023 | Divorce, Tax Assessment
One of my clients recently asked me for a friend: “She is paying her ex-husband alimony and spousal support of $150,000 and $280,000 based on her 2017 divorce decree. Her accountant told her that these payments are no longer payable.” Here’s what you...
