Is alimony taxable to the payor in all states?

No, alimony is not taxable to the payor in all states. In most states, alimony is taxable to the recipient. However, in Virginia, alimony is not taxable to either the payor or the recipient. This means that the payor does not have to report the alimony payments as taxable income, and the recipient does not need to pay taxes on the alimony payments that they receive. This can be beneficial to both parties as it can reduce the overall tax burden for both. The Virginia Code allows for non-taxable alimony, though there are certain restrictions. In order to qualify for non-taxable alimony, the payments must be made in cash or its equivalent, the payments must be made under a written agreement or court order, and the payments must be made in periodic payments, such as monthly or biweekly. In addition, the agreement must clearly specify the alimony payments are for alimony and not property division or other support payments. Finally, the alimony must terminate upon the death of the payee or if the payee remarries.

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Is alimony taxable to the payor in all states?

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