Is Alimony Taxable?

by Penny


Please help: Is alimony taxable?

Hello Penny,

Thank you for your question.

Yes, the money you receive from Alimony is taxable.

Meanwhile, the money paid for Alimony is a tax deduction.

Click here to post comments

Join in and write your own page! It's easy to do. How? Simply click here to return to Income Tax Questions.

Please subscribe to my monthly newsletter, Bookkeeping Basics E-zine. It tells you each month about the new information that I have added, including some great tips and advice from myself and other Bookkeeping Basics readers.

Enter Your E-mail Address
Enter Your First Name (optional)

Don't worry — your e-mail address is totally secure.
I promise to use it only to send you Bookkeeping Basics E-Zine.