What part of legal/attorney fees for divorce litigation are tax-deductable??

Answer 1

Hello, Johnny! According to IRS Publication 504:

"You cannot deduct legal fees and court costs for getting a divorce. But you may be able to deduct legal fees paid for tax advice in connection with a divorce and legal fees to get alimony. In addition, you may be able to deduct fees you pay to appraisers, actuaries, and accountants for services in determining your correct tax or in helping to get alimony. "

Check the link below for more details about which fees may be deductible. Good luck! :-)

Answer 2

there became an "above the line" deduction for qualifying instructions and appropriate costs paid for enrollment or attendance at a post secondary employer. the optimal deduction for 2007 became $4000 for taxpayers with AGI of under $a hundred thirty,000 on a joint tax return. even although, this deduction can't be claimed if the two of the coaching credit are claimed. right here is the kicker. This deduction isn't obtainable for tax years after 2007.Code Sec 222.

Answer 3

None of it. Litigation for a Divorce is non-deductible. It is a personal expense and therefore, non-deductible. Period.

However, if "Alimony" is part of the divorce decree, it is deductible to the person paying it, as long as the person receiving it reports it as income.

If child support is decreed, it is neither deductible or reportable.

Answer 4

Only the part, if any, that's specifically stated as being for tax advice.

Answer 5

None