As an experienced New Jersey Divorce Lawyer I am often asked if alimony is tax deductible. The payment of alimony is tax deductible off of your gross wages at the end of the year. The recipient of the alimony has to pay taxes on that, as well. When we are negotiating and talking about alimony, we want to make sure, for both sides, that we take that into consideration.
Are you filing taxes and wonder if you can deduct your alimony payments off on taxes? Let our experienced Divorce Lawyers in NJ guide you through the issue.