Attorney and CPA Brent Kaspar explains whether child and spousal support are tax deductible. There are certain tax strategies that can mitigate the financial burden of child and spousal support that can be recommended by your lawyer.
Video Transcription
I get asked the question a lot – is child support and spousal support tax deductible
The answer is neither one of them are tax deductible. As of now, prior to 2019 spousal support was tax deductible, so if there was a preexisting order back in 2018 then it could still be tax deductible. Having said that, there are certain tax strategies that might mitigate certain tax burdens related to spouses.
As an attorney and CPA, it’s my advice that you consult with our firm as soon as possible to determine what your tax implications may be with relation to spousal support and child support.