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Wednesday, March 2, 2016

"Can I deduct legal fees at tax season?" - BlogBite

BlogBite (15)

Question: Can I deduct my family law legal fees on my tax return?

Answer: you can, but only in specific circumstances. If you are either the recipient of or are pursuing entitlement to either child or spousal support, you have a shot at deducting for tax purposes legal fees related to establishing, quantifying, varying or enforcing those support payments. At tax season and on request, your family law lawyer will give you a letter confirming the total amount you paid in connection with these steps in the immediately preceding calendar year. You will have to submit that letter with your tax return.

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