Welcome Guest. Register Now!  

LinkBack Thread Tools Search this Thread Display Modes
  #1 (permalink)  
Old 09-29-2009, 08:42 PM
TaxGuru's Avatar
Tax Guru
Join Date: Jan 2007
Location: New Jersey, USA
Posts: 2,413
Blog Entries: 3
Can a taxpayer deduct maintenance payments to a former spouse?

The "Maintenance payments" are deductible by the taxpayer as long as they are included in the income of the payee. However, in order to be included in the payee's income, the IRS has specified that the following conditions need to be satisfied as follows;

1)the maintenance payment must be in cash,

2) the maintenance must be under a divorce decree,

3) the maintenance payment must terminate upon the death of the payee.

Maintenance payments that are ordinarily deductible are not deductible if the divorce decree specifically states that the payments are not alimony/maintenance and/or non-deductible.

Find a CPA near you!

Ask TaxGuru Please refer to the legal disclaimer.

Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Reddit! stumble!bookmark in google!Share on Facebook!
Reply With Quote

Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

Similar Threads
Thread Thread Starter Forum Replies Last Post
How much of "Medical Expenses" can a Taxpayer deduct on their Tax Returns? TaxGuru Medical 2 02-28-2008 12:41 AM
What is the maximum amount a taxpayer can deduct as student loan interest? vanngo Miscellaneous 1 12-07-2007 01:30 AM
What is the maximum amount a Taxpayer can deduct in 2007 for purchasing a new SUV? Adam Auto Expenses 1 12-07-2007 12:54 AM
Can I deduct alimony paid to my former spouse? TaxGuru Divorce Tax Issues 0 11-29-2007 01:25 AM
What can a Taxpayer deduct for moving expenses? Tanya Miscellaneous 1 02-19-2007 01:02 PM

Follow us on Facebook Follow us on Twitter Google Buzz Rss Feeds

» Categories
 » Income
 » IRA/Sep
 » Medical
 » Payroll
Forum for CPAs
Financial Planning