Is this a Good Settlement?

iVillage Member
Registered: 04-28-2005
Is this a Good Settlement?
4
Wed, 07-23-2008 - 8:20pm

My husband is giving me the proceeds from the sale of the house 360,000 brokerage at 84,000 I havnet worked in 22 years, also 2000 support for 3 years and 1500 support for 2. Im afraid I dont have a degree, I will be moving back in with family, he also will be declaring bankruptcy?


Any thoughts and how do I maximize my alimony for taxes?


iVillage Member
Registered: 11-28-1999
Thu, 07-24-2008 - 10:58am
What do you mean by "maximize your alimony?"
iVillage Member
Registered: 03-11-2008
Thu, 07-24-2008 - 5:31pm

I think you can request that taxes be taken out of your alimony.

iVillage Member
Registered: 04-28-2005
Fri, 07-25-2008 - 7:24am

Thanks for your help, is the alimony taxed based on your tax bracket?


thanks,


Dana

iVillage Member
Registered: 11-28-1999
Fri, 07-25-2008 - 10:17am
yes.