I need to ask this question, as I never quite got a clear answer to it when I asked various people. My husband and I file a joint tax return. My mother wishes to divorce my father (her only income is her Social Security pension - about $150 per month). Upon a divorce, she does not want any money from my father. So, my question is: is there a way, in this divorce situation, for me to financially support my mother and be able to deduct that from our taxes? I pay a fortune in taxes and have been agonizing for a long time over how I could help my mother become financially independent of my father, through making more of my tax dollars go toward help for HER, rather than toward another installment of Tom Brokaw's "Fleecing of America". What options do I have? Is this goal so unattainable for me?
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by Morningstar. Earnings Estimates, Analyst Ra