Is alimony tax deductible?

A typical question from a divorcing taxpayer is whether or not alimony paid to an ex-spouse or separated spouse can be claimed as a tax deduction when filing income taxes.

When dealing with a divorce, not much is deductible, but alimony and spousal support certainly is.

You have to be aware of the particular rules that apply in order to deduct alimony or spousal support payments on your income taxes. Continue reading →