Over the last 70 years, child support payments have been deductible by the payer and taxed as income for the recipient (note that significant rule changes occurred in 1984). The previous...
An annuity is a contract that exists between you and an insurance company to cover specific objectives, such as lifetime income, principal protection, legacy planning or care cost...
If you have been relieved of your job, odds are your pay has dropped significantly. That implies your tax status has likely changed too. You may now be eligible for deductions...