How to avoid alimony in illinois with no doubt
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If you want to avoid paying taxes on alimony, you will need to negotiate a property settlement with your spouse. On a federal level, all qualifying illinois alimony payments are deductible by the payor, and counted as taxable income by the recipient. One way many spouses avoid paying monthly spousal support is to give your spouse something else when dividing marital assets such as the family home or a pension in exchange.
(1) meeting conditions in the court’s order or (2) meeting conditions in state law.
Alimony is an order of a court for the support of one spouse by the other spouse. As the title suggests, illinois allows for the payment of maintenance until one of the parties dies. (1) meeting conditions in the court’s order or (2) meeting conditions in state law. The three types of alimony in illinois:
