| By
Nathan Dawson
Alimony, or spousal support is a court ordered
payment from the spouse who earns the highest income to the other
spouse. Alimony laws exist to help a spouse ease into life after
divorce; it prevents the person from having to drastically lower
his or her standard of living after a divorce. Financial situations
in which both couples are employed usually do not merit spousal
support payment.
When presiding over a divorce settlement and deciding
whether to issue a court order for alimony, the judge will consider
several factors such as the length of the marriage, the economical
dependence of one spouse on the other, their respective ages and
how well they conduct themselves in court.
One important piece of divorce information regarding
alimony is that it qualifies as a tax deduction to the spouse
who pays it, while the person who receives alimony must pay taxes
on it. Child support, on the other hand, is neither tax deductible
to the person who pays it nor is it taxable to the person who
receives it.
If it would result in a tax advantage for both
parties, it may be sound divorce advice to consider paying alimony
regardless of what the judge would rule. That’s one way
of keeping a divorce low cost. As a result, coping with divorce
can be much easier for everyone.
When making decisions about how to get a divorce
or when looking into divorce support, keep your tax goals in mind.
If you consult with a professional for divorce help, be sure that
the attorney or financial advisor considers both your present
financial situation and your long-term tax goals.
Nathan Dawson writes for http://www.lifeaftermarriage.com
a great online source for finance information. Article Source:
http://EzineArticles.com/?expert=Nathan_Dawson
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