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Family Law Act Basics

No change in size, 02:06, 24 November 2020
Are there tax consequences?
There are no tax consequences when spousal support is paid as a single lump sum. When a lump sum is paid, the payor cannot deduct the spousal support payment from their taxable income, and the recipient does not have to add it to their own. However, the tax status of lump sum payments compared to regular, repeating payments is usually taken into account when calculating the amount of lump sum payments.
Remember that taxes need to be taken into account when figuring out spousal support. If you are a recipient of spousal support, don't forget to put some money aside to pay the taxes you may own owe on the spousal support you receive!
===Reviews of spousal support===
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