Generally, alimony payments are deductible by the payor in computing adjusted gross income, and are includible in gross income by the payee. However, the payor and the payee can avoid this general ...
In its ruling (2024 INSC 961), the Supreme Court outlined eight factors that affect how alimony amounts are calculated. While presenting these seven factors, the Supreme Court mentioned that these are ...
How many of you thought alimony was no longer deductible? Well, it is still deductible, but only for divorces that occurred prior to 2019. (There are a lot of folks paying alimony from pre-2019 ...