Question
Joseph has been divorced since 2013. He has not remarried and files single. He pays alimony to his ex-wife. He completed his tax return this
Joseph has been divorced since 2013. He has not remarried and files single. He pays alimony to his ex-wife. He completed his tax return this year and has a balance due. Which of the following is a planning strategy he could employ to reduce his amount due? Group of answer choices
Make an deductible IRA contribution before the due date of the return.
Ask his sister if he could claim her five year old daughter as his dependent.
Make a Roth IRA contribution before the due date of the return.
Make a voluntary alimony payment to his ex-wife to help her cover extraordinary repairs she incurred on the house they used to share.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started