• Skip to content
  • Skip to primary sidebar
  • Skip to footer

MR. Men's Rights Divorce Law

Divorce & Family Law of New Jersey

Ask Us: Hackensack Divorce Lawyers
Call Attorney Carrie SchultzCall Us Today
(201) 880-9770
  • Home
  • Firm Overview
    • Pit Bull Advocacy
    • Resources
      • Divorce & Family Law FAQs
  • Attorneys
    • CARRIE S. SCHULTZ, ESQ.
    • ANTHONY W. DUNLEAVY, ESQ
    • JOSH A. FREEMAN, ESQ.
    • ANDREW ECONOMOS, ESQ. (OF COUNSEL)
  • Practice Areas
    • New Jersey Family Law Attorneys
    • Post-Divorce
      • Modifications
      • Post Divorce Enforcement or Modification
      • Enforcement Of Court Orders
      • Mediation
    • Divorce
      • Contested and Uncontested Divorce
      • Divorce Dissolution Attorney
      • Legal Separation
      • Mediation
      • Tax Issues of Divorce
    • High Net Worth Divorce
      • Maintaining Your Lifestyle
      • Business Owners in Divorce
      • Prenups and Mid-Marriage Agreements
      • PROPERTY DIVISION
    • DIVISION OF PROPERTY
      • Equitable Distribution
      • Business Valuation
    • Child Custody
      • VISITATION & PARENTING TIME
      • Custody and Visitation Issues
      • NON-MARRIED COUPLES
      • Child Abduction
      • Parent Relocation
    • CHILD SUPPORT
      • Paternity
      • NON-MARRIED COUPLES
    • Alimony
      • Long-Term Alimony
    • Domestic Violence
      • Restraining Orders
  • Videos
  • Blog
  • Our Reviews
  • Careers
  • Contact
Call
Contact
Blog
  • Home
  • Firm Overview
    • 2019 Scholarship
      • 2018 SCHOLARSHIP RECIPIENT
    • Pit Bull Advocacy
    • Resources
  • Attorneys
    • CARRIE S. SCHULTZ, ESQ.
    • ANTHONY W. DUNLEAVY, ESQ
  • Practice Areas
    • New Jersey Family Law Attorneys
      • Divorce & Family Law FAQs
    • Post-Divorce
      • Modifications
      • Enforcement Of Court Orders
      • Mediation
    • Divorce
      • Legal Separation
      • Contested and Uncontested Divorce
      • Mediation
      • Tax Issues of Divorce
    • High Net Worth Divorce
      • Maintaining Your Lifestyle
      • Business Owners in Divorce
      • Prenups and Mid-Marriage Agreements
      • Property Division
    • Division of Property
      • EQUITABLE DISTRIBUTION
      • Business Valuation
    • Child Custody
      • Visitation and Parenting Time
      • Non-married Couples
      • Child Abduction
      • Parent Relocation
    • Child Support
      • Paternity
      • Non-married Couples
    • Alimony
      • Long-Term Alimony
    • Domestic Violence
      • Restraining Orders
  • Videos
  • Blog
  • Reviews
  • Careers
  • Contact

January 20, 2016 By Carrie S. Schultz, Esq.

Believe it or not, paying alimony can offer tax benefits


Alimony—no one seems happy about the prospect of having to pay. As such, spousal support can be one of the most contentious aspects of getting a divorce. One way to soften your perspective about paying alimony is to learn about any possible benefits that might come your way if you do end shouldering this financial responsibility.

  video

Guess what? Alimony is tax deductible. Many New Jersey residents do not know about this important fact. Even better, paying alimony could provide you with a sizable reduction in your taxable income. However, your situation must meet a few requirements as defined by the Internal Revenue Service. These requirements include:

  • Spousal support payments must be identified as alimony within the divorce decree of the written separation agreement.
  • Alimony payments must be made in cash, checks or money orders.
  • Both spouses must file separate income tax returns.
  • Alimony payments are not treated or used as equitable property distribution or child support.
  • If the couple is legally separated, they must not share the same household at the time the payments are made.
  • The payments will cease if the recipient spouse dies.

The above section should help the paying spouse cope better with the prospect of alimony. When spouses have been warring over alimony, the potential receiving spouse might want to make sure his or her ex knows about the tax benefits of paying alimony. This could go a long way towards bringing peace to the table and making sure all parties’ financial needs are met.

Whether you are a recipient spouse or a payor spouse, you might consider discussing the issues in depth with a family law attorney serving the Hackensack, New Jersey, community.

Source: IRS.gov, “Topic 452 – Alimony Paid,” accessed Jan. 20, 2016

Carrie S. Schultz, Esq. – author

Thank you for visiting our site. We realize that if you are reading this, you or someone you know is having marital or family difficulties. We truly understand how unsettling that can be for all involved. I personally want to invite you to explore the website which contains a lot of informational and educational items which I hope is of benefit to you. I also welcome you to contact us to schedule a consultation to discuss your matter in greater detail. Our firm philosophy is to always remain committed to providing our clients with the best service, care, guidance, communication, and legal advice possible for your particular situation. We take seriously you entrusting us with your legal matter. Happy researching!

Primary Sidebar

  • We Are Here to Help
    Contact Us Today

    We Also Offer
    Telephone & Video Initial Consultations!
  • Please Note: Our practice focuses on cases that occur in New Jersey.

Practice Areas

  • Divorce
  • Division Of Property
  • Child Support
  • Domestic Violence
  • Alimony
  • Child Custody
  • High Net Worth Divorce
  • Post-Divorce Modifications

Recent Blogs

Can You Change a Custody Agreement Without Going to Court?

March 17, 2021

Does It Matter Who Files for Divorce First?

January 26, 2021

Can Divorce Be a Good Thing?

November 23, 2020

Featured Divorce Videos

  • How Long Will a Divorce Take?
  • What is an Uncontested Divorce?
  • What is a No Fault Divorce?
  • Keeping the Costs of Your Divorce Low

Watch Our Educational Videos

Footer

Contact Us

MR. Men’s Rights Divorce & Family Law of New Jersey by Schultz & Associates, LLC

55 Hudson Street
Hackensack, NJ  07601

(201) 880-9770

(201) 880-9771

Hours: Monday to Friday: 9:00 AM – 5:30 PM

MR. Men’s Rights Divorce & Family LawTM of New Jersey by Schultz & Associates, LLC map

THIS IS AN ADVERTISEMENT

These materials have been prepared by MR. Men’s Rights Divorce & Family Law of New Jersey by Schultz & Associates, LLC for general informational purposes only and are not intended and should not be construed as legal advice or legal opinion on any specific facts or circumstances. 

No aspect of this advertisement has been approved by the Supreme Court of New Jersey. You should consult an attorney for advice regarding your individual situation. Every case is unique. 

The information contained in this website is not intended to create, and receipt of it does not constitute, a lawyer-client relationship nor is it intended to substitute for the advice of an attorney. This website constitutes Attorney Advertising.

  • Facebook
  • Twitter
  • LinkedIN
  • Youtube
  • Facebook
  • Twitter
  • LinkedIN
  • Youtube

2021 © MR. Men’s Rights Divorce & Family Law of New Jersey by Schultz & Associates, LLC   |   All Rights Reserved | Privacy Policy | Sitemap