2007-07-22 13:01:34 · 6 answers · asked by Ann Marie 2 in Business & Finance ➔ Taxes ➔ United States
If you are divorced and receiving alimony the other answers are good. If you are not yet divorced and are receiving payments from your spouse, these payments are not taxable to you or deductible to the other spouse.
Transfers between spouses are not taxable events.
2007-07-22 14:10:08 · answer #1 · answered by ninasgramma 7 · 2⤊ 0⤋
you may checklist it as earnings on your federal earnings tax return. Alimony is tax deductible as long as you meet right here six standards: You and your companion or former companion do no longer record a joint return with one yet another, You pay in funds (alongside with tests or funds orders), The divorce or separation device would not say that the charge isn't alimony, If legally separated below a decree of divorce or separate maintenance, you and your former companion are actually not individuals of the comparable companion and little ones once you're making the charge, you haven't any criminal accountability to make any charge (in funds or components) after the dying of your companion or former companion; and Your charge isn't taken care of as new child help.
2016-11-10 03:20:17 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Check with an accountant. But as I understand it, alimony is taxable as income. Child support is not.
2007-07-22 13:15:56 · answer #3 · answered by Bub2312 2 · 1⤊ 0⤋
AFTER DIVORCE WHO PAYS TAXES ON SPOUSAL SUPPORT
2015-02-24 10:30:06 · answer #4 · answered by larry 1 · 0⤊ 0⤋
Yes, alimony is fully taxable to the recipient and is fully deductible by the payer even if the payer does not itemize deductions.
2007-07-22 13:42:42 · answer #5 · answered by Bostonian In MO 7 · 1⤊ 0⤋
Yes.
2007-07-22 13:15:06 · answer #6 · answered by john p 3 · 0⤊ 0⤋