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Alimony, Child Support, and Tax Filing

One thing you may need to keep in mind regarding your tax filing is the distinction between alimony and child support payments.

Child support is not considered a tax-deductible expense or taxable income. Alimony, however, is considered deductible. In some cases, divorcing spouses may try to declare a property settlement or child support as alimony payments. The IRS strictly regulates this and has several rules regarding what is considered alimony.

For more information call the Burnham Law Group, LLC at 856-751-5505 or contact us online.

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A Message to Our Customers About Coronavirus COVID-19:
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A Message to Our Clients About Coronavirus COVID-19:

In compliance with Governor Murphy's order for businesses in New Jersey, our offices are now closed to the public. Our attorneys and staff continue to work remotely to serve all of your legal needs.

We will conduct video phone conferences and can work with our clients through various modes of technology including online file sharing and virtual meetings. Documents can be exchanged through secure drives and email.

If you have questions regarding your case, please contact the legal team at Burnham Douglass amid the Coronavirus outbreak, please call us at 856-229-0071 or contact us online.

Stay safe, stay healthy.