Does alimoney count as income

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1251277

2026-03-04 23:05

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Yes, alimony is typically considered taxable income for the recipient, meaning it must be reported on their tax return. Conversely, for the payer, alimony is generally tax-deductible if the divorce decree was finalized before 2019. However, tax laws can vary by jurisdiction and individual circumstances, so it's advisable to consult a tax professional for specific guidance.

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