Alimony, also known as spousal support, is the payment of money from one spouse to another after separation or divorce. Generally, the person paying alimony gets to deduct that money from his or her tax return each year while the recipient has to pay taxes on alimony received.
This video explains a few other important rules you need to know as well. First, if you and your spouse file a joint tax return, in that year, you cannot deduct alimony payments. Second, if you and your former spouse continue to share a joint household, you cannot deduct the alimony. Finally, if you try to disguise child support payments as alimony, that money is not deductible.
An accountant and a qualified family lawyer are the best sources of information if you have questions about your alimony payments. Contact Moreno Family Law in San Jose to speak with an attorney by calling (408) 266-9011.