Alimony Tax Deductible Info

There are several criteria to take into account when determining your alimony tax deductible status. When you pay alimony, you are satisfying the judgment of a divorce or legal separation between you and your current or former spouse.

For alimony to be tax deductible, you cannot file taxes or live with your payee. The payments must be made in cash and received by the recipient. The decree must clearly state that the payments are for alimony, are to stop upon death and that they are not to be treated as child support. You are eligible to deduct the amount of alimony paid from your earnings. But if it includes any amounts that are related to child benefits, you have to subtract this from your total to figure the correct amount of alimony paid.

When you have determined your correct amount, you can claim it on form 1040, line 31, and include the payee's Social Security number (SSN) on line 31A. There is no exception; the payee's SSN number must be included. Do not attempt to use the 1040EZ or 1040A; these forms are not qualified for this deduction. You must keep all records regarding alimonies paid in case you are audited. Some documents that should be kept are canceled checks, money orders and/or bank statements showing the name of the payee, payment dates and amounts.

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