Deductibility of Legal Fees
Legal fees paid in connection with obtaining a divorce are not deductible. Fees paid for obtaining and/or maintaining alimony or income producing property and for tax advice are deductible. In order to qualify as deductible legal fees, the attorney must stipulate, on the bill, the amount or percentage of the fee which is attributable to tax matters. Legal fees are miscellaneous itemized deductions subject to the 2% of AGI limitation.