Have a Tax Question? Ask a Tax Expert
Hello! I am a CPA here to assist you with your tax questions. My goal is to provide you with excellent service today.
Could you please clarify your question?
I'm truly sorry ...we are not a scam. We are here to answer any question you may have but we do not call on the phone.
You would be taxed where you live, which would be Maryland
Also, the property settlement in the divorce is not taxable - but alimony and portion of his retirement is
How much tax you have to pay depends on your income
The $1,998 is from his retirement? Is that in addition to alimony
Okay - is this per month?
So you would get $48,000 per year?
Okay let me run that through a calculator
okay so you get $48,000 from his retirement and $24,000 from him?
Okay so you get $2,000 a month less taxes
So, you get $1,998 from his retirement, and then another $2,000 per month - I just want to make sure I do the right calculations
and $24,000 from alimony
Okay so you want to know how much taxes you will pay on this income
Your annual tax will be $5,600 total
Yes, your annual tax is $5,600
That's fine. I see that you paid $45 for this question. That's all you will be charged
Yes, just come back to this page and I will answer your follow up questions without further charge
Until you close the question.
If you would, please rate my response as "excellent" using the rating feature along the bottom of the screen
This is the only way I receive credit for helping you today