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Family Law

Spousal Support

The Effect of Spousal Support on Your Taxes

If you pay or receive spousal support, it can impact your federal taxes. The Internal Revenue Service (“IRS”) has implemented a system through which one may receive credit in the form of a deduction for paying spousal support. A deduction reduces the taxable income of the spouse making the payment. Conversely, a spousal support recipient must declare the payment on their taxes as taxable income.

For a complimentary consultation regarding California spousal support laws, contact us at 877-479-7970, or e-mail us at info@law-thomas.com.