Keep your alimony payments tax deductible
In many cases, alimony payments, even if stated as deductible in the maryland separation and divorce settlement agreement, can become non-deductible three years down the road. This is because of the IRS regulation referred to as “alimony recapture.”
Faggio Financial now offers a free calculation of alimony recapture. When you complete and submit our contact form (right), you will recieve a return email with an IRS approved calculation that clearly shows any recapture, if applicable. This calculation will be emailed to you within 24 hours of submission (depending upon time-sensitive, previously scheduled events).
Avoid a potentially large tax bill and submit our contact form today.