Open Daily: 10am - 10pm | Alley door pickup 10am - 7pm 3038 Hennepin Ave Minneapolis, MN
612-822-4611

  • Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
Significant Discrepancies Exist Between Alimony Deductions Claimed by Payers and Income Reported by Recipients

Significant Discrepancies Exist Between Alimony Deductions Claimed by Payers and Income Reported by Recipients

United States Department of the Treasury
Penny Hill Press

Paperback

Investing & FinanceGeneral Law

ISBN10: 1530891566
ISBN13: 9781530891566
Publisher: Createspace
Published: Apr 5 2016
Pages: 30
Weight: 0.21
Height: 0.06 Width: 8.50 Depth: 11.02
Language: English
Alimony is a payment to or for a spouse or former spouse under a divorce or separation instrument. Individuals who pay alimony can deduct the amount paid from income on their tax return to reduce the amount of tax they must pay. Conversely, individuals who receive alimony must claim the amount received as income on their tax return. More than 1.7 million tax returns included an alimony deduction claim in Tax Years 2008 through 2010. Of those, approximately 1.2 million tax returns (71 percent) were filed electronically (e-filed) and 520,000 tax returns (31 percent) were filed on paper. Figure 1 provides details of the total number of individuals claiming an alimony deduction and the amount claimed for Tax Years 2008 through 2010.

Also in

General Law

View All