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If I receive a cash settlement from my divorce, do I need to report the money I received as income on my U.S. Income Tax Return? It depends on how the funds are classified in the divorce or legal separation documents. An award of spousal support or spousal maintenance (i.e. alim...
Who Can Claim a Child as a Dependency Exemption The dependency exemption for a child will be awarded to the parent who has physical custody of the child for the greater number of overnights during th