Is Alimony Taxable? Unraveling the Tax Rules for Spousal Support

Is Alimony Taxable? Unraveling the Tax Rules for Spousal Support

Are you someone who has recently gone through a divorce or are currently going through one? Is your alimony taxable or deductible? Are you confused about the new alimony tax law that was implemented for the tax year 2018? Alimony, also known as spousal support or spousal maintenance, is the money that one spouse pays to the other after their divorce or separation.

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