Alimony payments can affect your taxes. In New Jersey, making these payments tax-deductible requires specific procedures. It may be helpful to follow some steps to ensure your alimony payments meet the criteria for tax deductions. Ensure your alimony qualifies To make...
Alimony
Taxation and alimony payments
The tax considerations that come with a divorce that can be considerable. It's a big issue when people are splitting assets like retirement accounts. Depending on how those funds are received, they may be subject to tax. In New Jersey, there are also some special...