Not exact matches
The adjustments — sometimes called above - the - line deductions because you can
claim them whether or not you itemize deductions — include (among other things) deductible contributions to Individual Retirement Accounts (IRAs), SIMPLE and Keogh plans, contributions to Health Savings Accounts (HSAs), job - related moving expenses, any penalty paid on early withdrawal of savings, the deduction for 50 percent of the self - employment tax paid by self - employed taxpayers,
alimony payments, up to $ 2,500 of interest on higher education loans and certain qualifying college costs.
Agents are responsible for your financial responsibilities including investments, bank transactions, insurance,
claims and litigations, family obligations (child support,
alimony or palimony, tuition), military retirement
payments, social security
payments, bills and debt
payments, and taxes.
Lawyer negotiates $ 50,000 lump sum
alimony payment to Wife despite
claim of adultery during marriage in contentious divorce case.
The person paying
alimony is typically able to
claim the
alimony as a tax deduction, while the person receiving
alimony needs to report the
payments as income.
Not understanding the tax link between child support and maintenance which can mean loss of tax deduction if the IRS believes you have
claimed payments to be
alimony instead of child support.
The issues that are typically addressed in mediation are issues related to children: legal custody and residential custody, visitation, child support, allocation of college expenses for the children, health insurance, life insurance;
alimony and spousal support; division of real property, including the family home; division of tangible personal property including motor vehicles, boats, furniture, furnishings, art work, etc.; disposition of other property accumulated during the marriage, including bank accounts, investment accounts, pension / profit - sharing / retirement accounts, etc.;
payment of credit cards and other debts, and tax matters including decisions relative to filing joint or separate tax returns and
claiming the children as dependency deductions.