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Can I report alimony I paid?

If you paid alimony, this may be an additional deduction on your return. These payments can usually be used to reduce your income. Generally, alimony payments you make under a divorce or separation instrument are deductible if certain...

I received alimony payments. When do I have to claim this on my return?

Alimony payments received from your spouse or former spouse are taxable to you in the year you receive them. This means that if you received alimony payments during the 2014 tax year, you must include the total amount received as alimony...

How can a divorce affect my income tax situation?

If you were recently divorced and are paying or receiving alimony under a divorce decree or agreement, you need to consider the tax implication for your 2013 federal income tax return. Here are the general guidelines: Alimony payments...

General Guidelines for the IRA Deduction

income includes alimony and separate maintenance payments reported on your return. If you were a member of the U.S. Armed Forces, earned income includes any non taxable combat pay you received. If you were self-employed, earned income...

Mississippi Non Resident Return/Part Year Income Subject to Tax

the amount of all dividends received during your tax year. Dividends include distributions of money as well as property. Alimony Received Enter the amount received as alimony and separate maintenance payments. The recipient of alimony must...

What are Estimated Taxes?

Estimated tax is the method used to pay tax on income that is not subject to withholding. This includes income from self-employment, interest, dividends, alimony, rent, gains from the sale of assets, prizes and awards. You also may have...

Alabama Income You MUST Report

All income is subject to Alabama income tax unless specifically exempted by state law. The term "income" includes, but is not limited to salaries, wages, commissions, income from business or professions, alimony, rents, royalties, interest...

Iowa Additions to Income

equally. Held in the name of only one spouse: Allocate dividends wholly to that spouse . Alimony Received Include the same alimony as is shown on your federal return. Note : Married Separate Filers: reported by the spouse who received...

Examples of deductions and credits that are available in TaxSlayer

Enter Myself > Credits> Credit for the Elderly or Disabled. Alimony Paid: If you made payments to your former spouse under a divorce or separation agreement, you can usually deduct those payments on your tax return. Note: This deduction......

Pennsylvania Schedule SP- Tax Forgiveness Credit

interest, dividends, and gains 3. Alimony- Enter the amount of federally taxable alimony that you receive. 4. Insurance Proceeds and Inheritances- This amount includes the total proceeds received from life or other insurance policies. Also...