Are you in the middle of a divorce in Houston and unsure of what to expect when it comes to alimony and spousal support? You’re not alone. Many Houston divorce attorney are asked about these topics on a regular basis, and there are some surprising facts about alimony and spousal support in Houston. In this blog post, we’ll cover five facts that may come as a surprise to many people. So if you’re looking for more information about alimony and spousal support in Houston, keep reading!
1) The spouse who pays alimony cannot deduct it from their taxes.
This is an important fact to know when deciding alimony payments. The paying spouse will not be able to get a tax break for their payments, so they should be mindful of this when making these arrangements.
2) The spouse who receives alimony must pay taxes on it.
It is important to remember that alimony payments are considered taxable income for the receiving spouse. This means that they must include any alimony payments in their annual tax return and pay the appropriate taxes on it.
3) Alimony payments are not automatically terminated upon remarriage of the receiving spouse.
This means that even if the spouse receiving alimony remarries, they will still receive payments until otherwise decided by the court or stated in their divorce agreement. It is important to know the terms of your divorce agreement and the relevant laws in your state so you understand your rights and obligations.
4) If the paying spouse dies, the obligation to pay alimony dies with them.
The death of the paying spouse terminates the obligation for them to pay alimony, regardless of any existing court orders or agreements. This is true even if the court order or agreement does not specifically state this.
5) If the receiving spouse cohabitates with another person, that may be grounds to terminate the alimony payments.
It is important to note that if the receiving spouse begins living with another person, that may be considered as grounds for terminating their alimony payments. This is something to consider if you are receiving alimony in Houston.
In conclusion, spousal support is a complex and important part of a divorce. There are many factors that can affect the outcome, so it is important to understand the laws of your state before proceeding. Understanding alimony and spousal support can help you make the best decisions for your family during this difficult time.