Sentences with phrase «qualifying as alimony»

Your payments qualify as alimony if:

Not exact matches

Can alimony qualify as earned income for the purposes of funding a Roth IRA?

Other types of income that do not qualify as earned income for the credit include child support, retirement income, Social Security benefits, unemployment benefits and alimony.

Even those who do not have an actual job can qualify for the guaranteed personal loan because this loan is available to people who rely on benefits from Social Security Retirement, Social Security Disability, Supplemental Security Income (SSI), railroad retirement and other retirement plans, as well as those whose income is derived from child support, alimony, or palimony.

So such income as Social Security payments, disability payments, unemployment checks and alimony payments all qualify as income.

For purposes of making an IRA contribution, taxable alimony income counts as qualifying income.

Instead of dividing the military pension with an order complying with the Qualified Domestic Relations Order provisions, the husband agreed in an atypical Property Settlement Agreement to pay to wife one - half of of his monthly military pension as spousal support or alimony, without a separate court order or any election of survivor benefits.

If the payments otherwise qualify, you can deduct them as alimony on your return.

If you are concerned with legal issues such as alimony, child support and division of marital property, choose an attorney - mediator who is qualified to offer both legal education and facilitate productive discussion.