In most states, alimony is based on the financial needs of the recipient and the payer’s ability to pay. If the payer dies, the alimony order is terminated. One of the most effective ways to secure ...

Christy Bieber has a JD from UCLA School of Law and began her career as a college instructor and textbook author. She has been writing full time for over a decade with a focus on making financial and ...

Christy Bieber has a JD from UCLA School of Law and began her career as a college instructor and textbook author. She has been writing full time for over a decade with a focus on making financial and ...

Alimony payments are deductible for adjusted gross income for the payor spouse; however the payee spouse must include the alimony in gross income. IRC section 71(b) provides specific criteria that ...

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 ...