Note: For more about financial planning and divorce, see our recent report by behavioral scientist Sarah Newcomb, The Big Split: Minimizing Conflict in Divorce Financial Planning. Q: Can I still ...

Generally, alimony payments are deductible by the payor in computing adjusted gross income, and are includible in gross income by the payee. However, the payor and the payee can avoid this general ...

Generally, whether a payment is alimony depends on IRC section 71(b). Alimony and separate maintenance payments (collectively referred to as alimony) are taxable to the recipient and deductible by the ...

IRC section 215(a) says an individual who makes alimony payments may deduct them and the recipient must include them in his or her gross income. Under IRC section 71(b)(1), payments must meet four ...