– Alimony is a payment to or for a spouse or former spouse under a divorce or separation instrument It does not include voluntary payments that are not made under a divorce or separation instrument Alimony is deductible by the payer and must be included in the spouse’s or former spouse’s income Back to Top
Money the court orders you to pay to a spouse or ex-spouse (See spousal support )
An amount given to one spouse to another while they are separated Historically, the word "alimony" referred to monies paid while spouses were legally separated but stilled wedlocked Where they were divorced, the monies payable were then referred to as " maintenance" but this distinction is now in disuse
Periodic payments made under a divorce decree or a written separation agreement toward the support of a former spouse Alimony may be taken as a deduction from adjusted gross income by the person who pays it, while the person who receives it must claim it as taxable income
Payments are deductible if the following requirements are met: (1) the payments are in cash, checks or money orders (2) required by a divorce or separation instrument, (3) the payments are not for child support, (4) the payments are not part of the property settlement payments related to the divorce, (5) you and your (ex) spouse must not be members of the same household and do not file a joint tax return, and (6) you are not liable to make any payments for any period after the death of your (ex) spouse One item to note is that if you owe both alimony and child support and during the year you pay less than the amounts required, then the amounts paid are first applied to your child support obligation before being applied to alimony
A type of payment from one former spouse to another that is agreed to as part of a divorce settlement Alimony is tax-deductible for the person who pays it and taxable income for the person who receives it See adjustable gross income BACK TO TOP
Type of payment from one former spouse to another that is agreed to as part of a divorce settlement Alimony is tax-deductible for the person who pays it and taxable income for the person who receives it
– a payment made by one spouse to another for support after a divorce or separation
Payments made by one spouse to a former spouse under a legal separation or divorce agreement Alimony payments are taxable income to the recipient and tax deductible for the taxpayer making the payment
Money paid, under court order, for spousal support Typically, alimony is paid to a former spouse following divorce or legal separation
Support payable to a divorced spouse as required by a divorce decree or legal separation agreement Payments are deductible by the payor and are taxable income to the payee
The money paid by one spouse to the other in order to fulfill the financial obligation that comes with marriage
>> Periodic payments made under a divorce decree or a written separation agreement toward the support of a former spouse Alimony may be taken as a deduction from adjusted gross income by the person who pays it, while the person who receives it must claim it as a taxable income
- support paid to dependent spouse - designed to enable dependent spouse to maintain the standard of living experienced during the marriage Can be requested in a divorce action or in action for alimony without divorce, but must be requested prior to the entry of a final order of divorce