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alimony deductible ? | alimony deductible ? |
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I am considering going through a divorce but want to know about alimony being tax deductible. Suppose my alimony payments are $40k a year, mortgage $40k, property tax $10. If my income is $240 are all of the above tax deductible... also will I get hit by the AMT ? ( Also is court ordered spousal support during the divorce proceedings Read Entire Article |
While nobody likes filing tax returns, most people are rewarded handsomely for their efforts: About 75% of taxpayers get a refund, according to the Internal Revenue Service. In 2005, the average refund rang in at more than $2,000, a nice chunk of change.
| AP - More than 3 million people will have to wait until February to get their tax refunds because of Congress' late fix to the alternative minimum tax, the IRS said Thursday. | |
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