If your alimony payments in the third year decrease or the alimony payments terminate during the first 3 years, you may be subject to the alimony recapture rule.
Alimony_Recapture_Rules.html
Below are guidelines and tips on alimony tax deductions. Alimony paid is tax deductible for the person who paid the alimony whereas alimony received is considered income and has to be reported on the 1040 tax form as taxable income.
Alimony_Tax_Deductions.html
Below we discuss whether medical expenses are tax deductible. If so, what are rules for the tax deductions for medical expenses or what is the minimum tax deduction on medical expenses.
Are_Medical_Expenses_Tax_Deductible.html
If you are one of the many taxpayers who cannot pay the IRS tax bill for the taxes owed, don't panic.
Cannot_Pay_IRS_Tax_Bill.html
Charitable contributions are only tax deductible if they are made to qualified organizations usually classified under the 510(c)(3) legal structure.
Charitable_Contributions.html
Child tax credit is one of the best tax credit allowed by the IRS. A child tax credit is designed to help parents cope with the rising cost of raising a child.
Child_Tax_Credit.html
Below is the federal income tax filing requirements for children filing taxes and other dependents filing taxes.
Children_Filing_Taxes.html
Claiming child tax credit is more popular. The IRS allows $1,000 child tax credit for each qualifying child under age 17.
Claiming_Child_Tax_Credit.html
If you are divorced or separated, you need to follow the IRS rules for claiming children of divorce on income tax.
Claiming_Children_of_Divorce_on_Income_Tax.html
For divorced or separated parents with joint custody
Many divorced parents who have joint custody over their children fight over who can claim dependency on income tax for their children. This section of tax preparation online help covers tax law claiming children joint physical custody and claiming dependency on income tax for children of divorced parents.
Claiming_Dependency_on_Income_Tax.html
