What is “family support” and how can this help to actually allow both parties to keep more money each month after a divorce? In many Carlsbad divorce cases, the final decree includes orders for child support and spousal support. One must consider the effect of taxation upon these payments. Child support is not deductable for the person who pays it,…
Family Support
What is “Family Support” and is this Legal in California?
The term “Family Support” is a strategy supported in California based upon IRS tax code. Family Support generally applies to the combination of child support and spousal support payments in a North County San Diego divorce settlement. Under IRS tax code, child support is not taxable to the recipient, nor can it be deducted by the person paying child support.…