
Is Alimony Tax-Deductible?
The payment of alimony has always been a bone of contention for separating and divorcing couples. For many payors, the only thing that made it slightly easier to stomach in the past was that it was tax-deductible.
The payment of alimony has always been a bone of contention for separating and divorcing couples. For many payors, the only thing that made it slightly easier to stomach in the past was that it was tax-deductible.
When the unexpected happens and you experience a job loss or a reduction in income, we truly sympathize with what you are going through. The good news is that you may qualify to reduce alimony payments.