Are Child Support and Spousal Maintenance Taxable?

Item: Law Offices of Randy H. Gugino
Rating: 5
Author: Julie Jacobson

Child support income is not taxable income – not federal, not state. Maintenance, however, is taxable income. Oftentimes, when we’re working out a property settlement or separation agreement, we may try to transfer some of the impact that taxes will have by allowing for a higher maintenance and a lower child support allotment. This allows both parties to come to an agreement and neither party to suffer financially as a result of it.

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Categories: Divorce, Randy H. Gugino BlogMay 18, 2015

Author: Randy H. Gugino, Esq.

https://randygugino.com

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Law Offices of Randy H. Gugino

Are Child Support and Spousal Maintenance Taxable?

Author: Randy H. Gugino, Esq.

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