Wrong. Maintenance payments ordered by the court or covered in a Marital Settlement Agreement if they abate upon the death of the payee, are generally tax deductible to the payor and tax includable to the payee. Child support payments are not deductible by the payor or tax includable to the payee.
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About Burton S. Hochberg
Helping clients negotiate one of divorce’s most challenging issues—the division of property—Burton Hochberg brings a welcome objectivity and practicality to the table. Mr. Hochberg assists clients in identifying and prioritizing their concerns, and evaluating settlement options from a cost-benefit perspective.
Top listed in the nation for family law by Best Lawyers in America®, Schiller DuCanto &
Fleck LLP works with clients
to solve problems to achieve
the best possible results. With
offices in Chicago, Lake Forest
and Wheaton, we seek to give
our clients the best representation possible. Read More...
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