Is alimony income taxable?

Yes, alimony income is taxable in Michigan. According to the Michigan Department of Treasury, "Alimony or separate maintenance payments, whether taxable or not for federal purposes, are taxable for Michigan Income Tax purposes. If the payments are taxable for federal income tax, they are taxable for Michigan also." In Michigan, alimony payments are considered taxable income for the recipient of the payments, and considered a deduction for the payor. Since it is taxable income, the recipient must pay income tax on the funds. The recipient should also keep a record of all payments received to support the income tax filing. The payor will be able to deduct the alimony payments as an adjustment to income on their federal taxes. However, not all alimony payments are taxable. If alimony is paid in the form of property, it is not taxable to either party. Furthermore, any payments made after remarriage are not considered alimony, and therefore not taxable. In summary, alimony payments are taxable in the state of Michigan to the recipient, and deductible by the payor. This applies to all payments that are considered taxable for federal taxation. It is important to note that other forms of alimony, such as property payments, are not taxable and must be treated differently.

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Is alimony income taxable?

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