Question : I have paid $13000 attorneys fee in my divorce case, can This be accounted in tax benefits?
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Answer : Hi, my name is Jim, and welcome to Just Answer. No, you cannot deduct attorney’s fees paid in connection with a divorce.Prior to 2019 it was possible to deduct the portion of attorneys fees that a spouse spent to obtain alimony or property, because it increased their taxable income. But the Tax Cuts and Jobs Act eliminated the requirement that the receiving spouse had to claim alimony as income. However if a spouse received an interest in a trade or business, or in any income producing investment accounts, the amount of money paid to an attorney to obtain that portion of the settlement would still be deductible. .Let me know if this has answered your question satisfactorily; please don’t forget to rate this answer by clicking on the green stars at the top of your screen. You may always return to this thread with follow up questions or comments at no additional charge. Thanks!
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