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Crunching the numbersby Firmbee.com
Financial
Questions

How can direct payment arrangements affect taxes in a divorce?

Direct payments of certain expenses, such as mortgage interest or medical expenses, may have tax implications for both parties. It's advisable to consult with a tax professional to understand the tax consequences of direct payments and ensure compliance with tax laws.

Resource

Direct Expenses in Support

By allocating specific expenses to each spouse, direct payment arrangements provide transparency, accountability, and flexibility, allowing for a more tailored approach to financial support that meets the unique needs and circumstances of the family.

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