alimony

Alimony (spousal maintenance) is a payment of money to a former spouse that continues after divorce. Alimony is tax deductible to the payer and taxable as income to the recipient if the payments truly qualify as alimony under IRS rules. Creative divorce settlements that include alimony or spousal maintenance can keep money out of Uncle Sam’s pocket and in your family’s – unless the IRS does not see it your way.