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ALIMONY AND INCOME TAX
Have a US 401(k)? Indians must report withdrawals and maturity details in ITR schedules FSI and FAIndian taxpayers with US 401(k) accounts must now report withdrawals and maturity details in ITR schedules FSI and FA. Failure to disclose ...- You could lose Social Security over these 3 surprising mistakes — check nowUp to 85% of Social Security benefits can be taxed in 2026. Many retirees still don’t know this rule. Social Security benefits are not alwa...
- Are you missing out? 1 in 5 taxpayers don’t claim this credit — check your eligibilityMany taxpayers miss the Earned Income Tax Credit every year. This tax credit can give workers a bigger tax refund or reduce taxes they owe....
- Going through a divorce after 20-30 years of marriage? A financial survival guide for women in their 40s and 50sFrom securing alimony to reskilling, here’s what women in their 40s or 50s need to do before walking out of a long marriage.
- Mark your calendar: All 2026 quarterly tax deadlines and what happens if you miss oneQuarterly tax deadlines in 2026 are important for freelancers and self-employed workers. These taxes are paid during the year on income wit...
- After 14-year legal battle, wife gets Rs 1 crore permanent alimony as Supreme Court grants divorce and closes all cases against husbandAfter a 14-year legal battle, the Supreme Court granted a divorce to a couple, ordering the husband to pay Rs 1 crore in permanent alimony....
- Complete guide to saving money on taxes in 2025: Easy tips for retirement, health, home, education, children, and moreYou can save money on taxes by using retirement accounts, health savings accounts, and education credits. Parents can get benefits for chil...
- Alimony: Retired husband to pay 60% of his pension income as maintenance to divorced wife, orders High CourtA retired UCO Bank employee faced a legal battle when his ex-wife demanded continued maintenance payments, including a 5% increase every tw...
- Mohammed Shami ordered to pay Rs 4 lakh a month in alimony to ex-wifeThe Calcutta High Court directed cricketer Mohammed Shami to provide a monthly alimony of Rs 4 lakh to his former wife, Hasin Jahan. This d...
- Divorced but not re-married wife to get husband’s property and Rs 50,000 per month permanent alimony with 5% increase every 2 years, rules Supreme CourtIn a landmark decision, the Supreme Court of India has ordered a husband to provide his divorced wife with Rs 50,000 per month as permanent...
- Alimony and Income Tax: Is ex-wife liable to pay income tax on settlement amount received from husband in a divorce case?Alimony tax: Did you ever wonder if alimony is taxable for the ex-wife. This is because the alimony is paid by husband after paying all the...
- Know your rights: How men can protect their finances while going through a divorceAtul Subhash case: Bengaluru techie Atul Subhash's death by suicide has come as a shocker to many as he was involved in a prolonged divorce...
- What a husband stands to lose if he divorces his wifeWhen you are finding it difficult to hold your marriage together and contemplating a formal separation, you need to be mindful of not only ...
- How a married woman can protect her financial rightsFinancial friction can rupture a relationship. While money issues are not the primary cause of breakups, they can be one of the contributin...
- I already have a PPF account. Can I open another account in my wife's name and invest Rs 1.5 lakh?You can open the PPF account in your wife's name and invest Rs 1.5 lakh per annum on her behalf. However, the money given to your wife will...
- What are your financial rights when going through a divorce?Separating emotions from finances during a divorce can help you rebuild your financial life without much difficulty.
- Alimony and Streedhan: Financial aspects decodedApart from streedhan, a woman is also entitled to alimony. Here is a closer what each of these are.
- Donald Trump’s tax law could make divorces more bitter: SurveyThe provision allows recipients to omit the alimony they receive from their taxable income, but divorce lawyers don’t expect that to offset...
- How to manage alimony to secure one's futureWhile choosing the mode of payment of alimony, Bhavika must select the lump sum option as it will give her certainty.
- McCain reports 2007 income totalling $405,409Republican presidential candidate John McCain has a Senate salary, a Navy pension, monthly Social Security income, book royalties, and a we...
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