Alimony is a contribution to support the children of separated or divorced spouses.
Anyone who receives alimony must declare it as income. Anyone who pays alimony can list it as a deduction in their tax return.
tax glossary
Alimony is a contribution to support the children of separated or divorced spouses.
Anyone who receives alimony must declare it as income. Anyone who pays alimony can list it as a deduction in their tax return.