Is alimony taxable?

Yes alimony is taxable to the receiving party and deductible to the paying party.

Alimony is, child support isn't, though in some cases, it should be. The more alimony paid means less child support paid, as it lowers the obligor's taxable income.

A set amount of money paid from one spouse to another to help the lesser-earning spouse maintain a certain standard of living. Alimony is most common in situations where one spouse makes considerably...

The present day term for alimony is spousal support. This can be awarded to either spouse in a divorce proceeding depending on need, length of the marriage, the role of the parties in the marriage...

In the Internal Revenue Code there is a tax imposed upon taxable income and that is defined as gross income or adjusted gross income which amounts to income earned in a taxable year by a taxpayer. A...