This is a generic Affidavit to accompany a Motion to amend or strike alimony provisions of a divorce decree because of the obligor spouse's changed financial condition. This form is a generic example that may be referred to when preparing such a form for your particular state. It is for illustrative purposes only. Local laws should be consulted to determine any specific requirements for such a form in a particular jurisdiction.
Alimony Form For Taxes In Virginia
Category:
State:
Multi-State
Control #:
US-00004BG-I
Format:
Word;
PDF;
Rich Text
Instant download
Description
Free preview
Form popularity
FAQ
Bank statements or copies of checks deposited for the most recent 12 months or applicable period showing receipt of payments. Both must indicate the originating entity.
Report alimony received on Form 1040 or Form 1040-SR (attach Schedule 1 (Form 1040) PDF) or on Form 1040-NR, U.S. Nonresident Alien Income Tax Return (attach Schedule NEC (Form 1040-NR) PDF).
Alimony (known as spousal support in Virginia) has long been considered taxable income for the recipient and deductible from the payor's income. Beginning January 1, 2019, that deduction is repealed.
FORM VA-4 INSTRUCTIONS Use this form to notify your employer whether you are subject to Virginia income tax withholding and how many exemptions you are allowed to claim.
Alimony payments you receive are taxable to you in the year received, ing to the IRS. The amount is reported on line 11 of Form 1040. You cannot use Form 1040A or Form 1040EZ.
Alimony Tax Deduction For individuals participating in alimony payments, it is helpful to know that, unlike other provisions of the legislation, this change is a permanent one. In other words, once the TCJA expires at the end of 2025, there will be no reversions back to the pre-TCJA deductibility of alimony payments.
Open or continue your return. Navigate to the alimony section: TurboTax Online/Mobile: Go to alimony received. TurboTax Desktop: Search for alimony received and then select the Jump to link.
Reporting taxable alimony or separate maintenance Deduct alimony or separate maintenance payments on Form 1040, U.S. Individual Income Tax Return or Form 1040-SR, U.S. Tax Return for Seniors (attach Schedule 1 (Form 1040), Additional Income and Adjustments to Income PDF).
Report alimony received on Form 1040 or Form 1040-SR (attach Schedule 1 (Form 1040) PDF) or on Form 1040-NR, U.S. Nonresident Alien Income Tax Return (attach Schedule NEC (Form 1040-NR) PDF).
To report alimony you received: Open or continue your return. Navigate to the alimony section: TurboTax Online/Mobile: Go to alimony received. TurboTax Desktop: Search for alimony received and then select the Jump to link. Answer Yes to Did you receive alimony or spousal support? and follow the onscreen instructions.