Hi there,
maybe you can help me understand:
-spousal support is tax deductible, is that right?
-how does this work? I pay spousal support for 2010 for example, then in my tax return I file in 2011, I claim these as deductions?
-or can I reduce the amount of income tax deducted from each paycheque?
-what is the rate for the deduction? Does each dollar of support, reduce my taxable income by one dollar as well?
Thank you
maybe you can help me understand:
-spousal support is tax deductible, is that right?
-how does this work? I pay spousal support for 2010 for example, then in my tax return I file in 2011, I claim these as deductions?
-or can I reduce the amount of income tax deducted from each paycheque?
-what is the rate for the deduction? Does each dollar of support, reduce my taxable income by one dollar as well?
Thank you
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