What are alimony payments?
Alimony payments are regular payments to a divorced or separated spouse or to children.
Alimony payments to a divorced or legally or de facto separated spouse can be deducted in full from your income.
Alimony payments for minor children can be deducted up to and including the month in which the child turns 18. After the child's 18th birthday, these payments are no longer deductible. Instead, under certain conditions, the child deduction can be claimed.
Example
You pay alimony for your 16-year-old child. These payments are also deductible. When the child turns 18, the payments can only be deducted until their birthday.
Document
Alimony payments must be documented. Divorce decrees, separation agreements, court decisions, and proof of payment are common forms of documentation.
How to add it in iqtax
Open alimony payments and enter the recipient of the payments and the amount paid during the tax year. If possible, upload the relevant agreements and/or proof of payment.
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