IRC section 215(a) says an individual who makes alimony payments may deduct them and the recipient must include them in his or her gross income. Under IRC section 71(b)(1), payments must meet four ...

Q Can you deduct alimony payments? A Alimony is an amount paid to a spouse or former spouse under a divorce or separation agreement, and does not include child support payments or property settlement ...

Generally, whether a payment is alimony depends on IRC section 71(b). Alimony and separate maintenance payments (collectively referred to as alimony) are taxable to the recipient and deductible by the ...

Taxes are already complicated enough without adding divorce or dependents to the mix. But if you’ve been making or receiving alimony or child support payments, you need to know how those payments ...

In most states, alimony is based on the financial needs of the recipient and the payer’s ability to pay. If the payer dies, the alimony order is terminated. One of the most effective ways to secure ...

Editor’s Note: The tax treatment of alimony was fundamentally altered by the 2017 tax reform legislation. For tax years beginning after 2018, alimony payments are not deductible by the payor spouse ...