Yes, spousal support payments are treated as income by the IRS and the State of New York, so you should anticipate a higher tax bill as a result of the award, while your former spouse can write off the payments they make to you. You are still eligible for various deductions and exemptions, so … [Read more...] about Do I Have To Pay Taxes On Alimony Payments In Queens?
Zelenitz, Shapiro & D’Agostino
13844 Queens Boulevard
Jamaica, New York 11435
Tel. 718-523-1111
Fax (718) 725-9606