Read this tip to make your life smarter, better, faster and wiser. LifeTips is the place to go when you need to know about Alimony and other Divorce topics.
When your ex offers to pay a larger sum for alimony if you will agree for a lesser sum for child support do not be to quick to accept. Alimony must be declared as income and is a tax write off for the person giving it while child support. child support is not a reportable income nor is it deductible for the person paying it. Child support Child support once you have gone off the guidelines is difficult to adjust back to the guidelines. Alimony will end and child support goes on until the child is emancipated. Look carefully at the deal you are offered consider all sides of offer.
|Sheri Ann Richerson|