Question

Under a divorce decree executed in 2019, Duron is required pay $800 of alimony and $400 of child support each month for the next 10 years. In addition, Duron makes a voluntary payment of $200 per month. How much of the total monthly payments are deductible by Duron

Answer 1

The total monthly payments that are deductible by Duron are:

$1,200 each month for the next 10 years.

Step-by-step explanation:

According to the IRS rules, if Duron pays his ex partner payments each month which are not documented by the court, the money is not tax deductible. Therefore, it is beneficial for Duron to receive a court order to pay the additional alimony if Duron plans on enjoying a tax deduction for the additional spousal support of $200.