http://1-pensions.com/can-you-deduct-court-ordered-divisions-of-pensions-in-a-divorce-settlement Pension Planning and Planning for Retirement Thu, 17 May 2012 20:30:48 +0000 http://wordpress.org/?v=2.7 hourly 1 http://1-pensions.com/can-you-deduct-court-ordered-divisions-of-pensions-in-a-divorce-settlement/comment-page-1#comment-62 KevinL31 Wed, 05 Dec 2007 09:00:50 +0000 http://1-pensions.com/can-you-deduct-court-ordered-divisions-of-pensions-in-a-divorce-settlement#comment-62 No you cannot deduct this anywhere on your tax return as this is a division of assets not an income issue. When she begins to draw on the pension then she will be liable for taxes payable at her marginal rate and you will be responsible for yours. No you cannot deduct this anywhere on your tax return as this is a division of assets not an income issue. When she begins to draw on the pension then she will be liable for taxes payable at her marginal rate and you will be responsible for yours.

]]> http://1-pensions.com/can-you-deduct-court-ordered-divisions-of-pensions-in-a-divorce-settlement/comment-page-1#comment-61 Viv' Mon, 03 Dec 2007 02:40:08 +0000 http://1-pensions.com/can-you-deduct-court-ordered-divisions-of-pensions-in-a-divorce-settlement#comment-61 You need to read your decree. Sometimes the decrees will state that this is taxable income to the ex-spouse. if this is the case you can take it as an alimony deduction, but you should keep handy a stamped, signed and complete copy of the decree, proof of payment and who you paid it to. You should also keep a copy of your Qualified Domestic Relations Order. You need to read your decree. Sometimes the decrees will state that this is taxable income to the ex-spouse. if this is the case you can take it as an alimony deduction, but you should keep handy a stamped, signed and complete copy of the decree, proof of payment and who you paid it to. You should also keep a copy of your Qualified Domestic Relations Order.

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