Is Receiving Child Support Considered Income?

Is Receiving Child Support Considered Income? Are child support payments or alimony payments considered taxable income? Child support payments are neither deductible by the payer nor taxable to the recipient. When you calculate your gross income to see if you’re required to file a tax return, don’t include child support payments received. Does Child Support

Is There Alimony In The State Of Arkansas?

Is There Alimony In The State Of Arkansas? In Arkansas, when one spouse pays financial assistance to help the other spouse, that assistance is called “alimony.” (Alimony is sometimes referred to as “spousal support” or “maintenance”.) Arkansas judges have wide discretion in deciding whether to award alimony, as well as the amount and duration. What

How Does Retirement Affect Alimony?

How Does Retirement Affect Alimony? You’re not necessarily exempt from paying spousal support simply because you divorced during retirement. However, the courts will take your lowered income into consideration if you have indeed retired. Your alimony payments will be determined by your retirement income, not the income you received prior to retirement. What happens to

How Does Retirement Affect Spousal Support?

How Does Retirement Affect Spousal Support? You are not exempt from paying spousal support because you got divorced during retirement. However, the courts will consider your retirement income as opposed to the income you had while working when factoring in what constitutes a fair spousal support award. Does spousal support end in retirement? When you

Can Health Care Reimburstment Count As Alimony Income?

Can Health Care Reimburstment Count As Alimony Income? Amounts paid for health insurance are considered medical expenses. Medical expenses are itemized deductions and are deductible if the total of all medical expenses exceeds 7.5 percent of adjusted gross income. Amounts you pay to or for the benefit of a former spouse can be considered alimony.

Can We Terminate Spousal Maintenance By Agreement Az?

Can We Terminate Spousal Maintenance By Agreement Az? The simple answer is yes. Either party may seek to modify spousal maintenance or terminate spousal maintenance early in Arizona if the person can demonstrate there has been a substantial and continuing change in circumstances that warrant a modification or termination of spousal maintenance. How long do