Is alimony considered income?

Yes, alimony is considered income in the state of Florida. Alimony, which is also known as spousal support, is a payment from one spouse to the other during or after a divorce. Alimony can be permanent or temporary, depending on the situation of the individual couple. Generally, when alimony is ordered by a court, the paying spouse must include the payment on their personal income tax return as income. The receiving spouse must report the alimony as income when filing their personal income tax return as well. When filing taxes, the spouse who pays the alimony can deduct the payment from their gross income. The spouse who receives the alimony must report the payment as taxable income. In Florida, this is determined by the alimony agreement set by the court or in the divorce settlement. In summary, alimony is considered income in the state of Florida. The paying spouse must include the payment on their tax return as income and can deduct the payment from their gross income. Receiving spouses must report the payment on their tax return as taxable income.

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Is alimony considered income?

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