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Are spousal support payments taxable or tax deductible?

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Are spousal support payments taxable or tax deductible?

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A. It depends on which end of the transaction you find yourself on. Spousal support is taxable to the spouse receiving the payments and tax deductible to the spouse making the payments as long as the payments fall within IRS guidelines. This has the affect of moving income from the higher tax bracket of the support payer to the lower tax bracket of the support recipient and reduces taxes.

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