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QUESTION DETAIL
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Votes
Under a divorce agreement, I am required to pay my ex-husband, Bill, $700 a month until our daughter is 18 years of age. At that time, the required payments are reduced to $500 per month. How much of each $700 payment may be deducted as alimony on my ta
ANSWER
The BIDaWIZ Team's Answer:
See IRC 62(a)(10), 71, and 215, and IRC 71(a)(b) and (e). Your alimony deduction equals $500, because
it is the amount that remains in effect, after the child reaches age 18.
