Musulin Law Firm, LLC
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Located directly across from the Burlington County Superior Court, NJ

January 2013 Archives

NJ Divorce Law: Alimony/Spousal Support Tax deductions

During a divorce, alimony, also referred to as spousal support, is the exchange of money between former spouses when, at the end of a fairly long marriage, there is a substantial difference in the parties' actual income or income earning ability. The federal tax code permits the person paying aspousal support to deduct the payment from their federal tax obligation and further requires the recipient to report alimony as income, no different than a paycheck from a job. Section 71 of the Internal Revenue Code (IRC) has certain technical requirements for purposes of deducting and declaring alimony upon tax returns. Among these is the requirement that there be a written document between the parties memorializing the alimony obligation.

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P.O. Box 100
Mount Holly, NJ 08060

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