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When calculating alimony recapture, the following payments are not included in the recapture rule and therefore should not be entered into our alimony recapture calculator.
Alimony is taxable if you receive it and tax deductible for the person paying it, but only through 2018. For now, all these rules still apply.
Recent Examples on the Web. According to Chemtob, alimony payments are determined by income, with the spouse who makes more money paying the spouse who makes less.
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2019-01-28 · Topic Number 452 – Alimony Tax Treatment of Alimony. Amounts paid to a spouse or a former spouse under a divorce or separation instrument (including a …
Intentional alimony recapture. divorcing taxpayers may purposely create recapture where the payors income tax bracket in the 3rd year is expected to be less and the payees bracket in the 3rd…
The recapture rule forces the alimony payer, almost always the ex-husband, to report as income the alimony payments he previously deducted, which means the ex-wife is entitled to reduce from income the alimony payments she previously received.
The alimony recapture rule only applies to the payor when alimony payments decrease or stop.