The Split-Up Pension Evaluator can help you estimate the value of your defined benefit pension. For more information on the Split-Up Pension Evaluator click here . 576, decided November 17, 1999. I know that alimony and child support have different tax effects. The key thing to remember is that alimony is tax deductible to the payer, and it is included in the income of the recipient.
Child support is neither deductible nor includable.
The goal with the tax aspect of your planning is to increase your total pie at Uncle Sam's expense. Don't worry at first which spouse actually gets the tax benefit. If you can decrease your spouse's taxes, you can usually get your spouse to agree to share the gain with you. The higher-income party gets a tax benefit from alimony. The higher the tax bracket, the greater the benefit.