As the federal shutdown continues, many workers are left wondering how it could impact their finances, including child ...

According to the Census Bureau, 4.1 million parents receive child support in the form of cash payments. About 85.6% of these parents had either a legal or informal contract held […] ...

In most states, alimony is based on the financial needs of the recipient and the payer’s ability to pay. If the payer dies, the alimony order is terminated. One of the most effective ways to secure ...

Q Can you deduct alimony payments? A Alimony is an amount paid to a spouse or former spouse under a divorce or separation agreement, and does not include child support payments or property settlement ...

IRC section 215(a) says an individual who makes alimony payments may deduct them and the recipient must include them in his or her gross income. Under IRC section 71(b)(1), payments must meet four ...

The Tax Court held that spousal support payments received by a taxpayer from her ex-husband prior to the fourth and final support reduction were alimony payments, not child support, since the final ...