Deducting court ordered support when divorcing couple file jointly together
Posted: Tue Jan 22, 2013 3:02 pm
OK, I see that you are correct, Dennis. That helps me along with the
analysis.
So what this means is that same money stays in the estate, so it is her
income and his deduction. So it is a wash if they file together, and he
gets the full benefit of the deduction if they file separately.
It raises the HH size deduction by $8,000 per year to include her in the
case, and the payment is over $24,000 per year, so they may be better to
file separately if they need the $16,000 of deductions ($1,333/month) to
pass the Means Test.
Steve
The post was migrated from Yahoo.