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Are court ordered cash settlements in a divorce deductible.

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Are court ordered cash...

Are court ordered cash settlements in a divorce deductible

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Was ordered to pay 50K over a two year period on top of alimoy

Submitted: 6 months ago.Category: Tax
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1/2/2018
Tax Professional: Lev, Tax Advisor replied 6 months ago
Lev
Lev, Tax Advisor
Category: Tax
Satisfied Customers: 33,132
Experience: Taxes, Immigration, Labor Relations
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Settlements because of divorce are NOT deductible for the payer and are not taxable for the recipient.

Only alimony payments are deductible.

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