What to know about spousal support
On behalf of Stange Law Firm, PC posted in family law on Saturday, August 26, 2017. When divorced Missouri couples pay alimony, it is in most cases tax-deductible. Recipients are requred to report it as income on their federal tax return. If a payment is designated as either child support or a part of a property division agreement, it cannot be considered alimony. The IRS has seven conditions that must be met to separate spousal support payments from child support or other types of payments. A payment cannot be labeled as child support, and the payments must stop when the