Legal Question in Family Law in Pennsylvania

divorce settlement

Is money received in a divorce settlement taxed.

I am going to settle without going through court and would like to know if my $30,000.00

will be taxed.


Asked on 8/27/06, 1:44 pm

1 Answer from Attorneys
Roger Traversa Arjont Group (Law Office of Roger Traversa)

Re: divorce settlement

You asked if money recieved in a divorce settelment is taxed.

This is a difficult question to answer without knowing more about the situation. Generally divorce settlements are a division of assets that have already been taxed. But there are many circumstances where tax would need to be paid on such a settlement.

I strongly urge you to have the proposed agreement reviewed by an attorney who can explicitly advise you in your particular situation.

Regards,

Roger Traversa

email: [email protected]

Read more
Answered on 8/27/06, 4:17 pm


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