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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
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