Alimony Payments

Alimony Payment

A payment one makes periodically to a former spouse (or a current spouse from whom one is separated). Alimony payments are tax deductible for the paying person and are taxable income for the receiving person.

Alimony Payments

Payments made by one spouse to the other spouse or former spouse under a separation or divorce agreement. Qualified alimony and separate maintenance payments are includible in the gross income of the recipient and are deductible by the payer. Child support payments, voluntary payments, and property settlements are not treated as alimony.

单词	alimony payments
释义	Alimony Payments Alimony Payment A payment one makes periodically to a former spouse (or a current spouse from whom one is separated). Alimony payments are tax deductible for the paying person and are taxable income for the receiving person. Alimony Payments Payments made by one spouse to the other spouse or former spouse under a separation or divorce agreement. Qualified alimony and separate maintenance payments are includible in the gross income of the recipient and are deductible by the payer. Child support payments, voluntary payments, and property settlements are not treated as alimony.
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