Tax Deduction for Alimony Payments? - Yes!

Over 50% of marriages end in divorce in the Unitedare not members of the same household when you
States. Many divorce decrees include provisions formake the payment,
the payment of alimony. The IRS takes the position5. You have no liability to make any payment (in cash
that such payments constitute a form of income andor property) after the death of your spouse or former
create an alimony tax deduction for the person makingspouse; and
payments.6. Your payment is not treated as child support.
According to the IRS, alimony payments are taxable toIf you are receiving or paying alimony, you must use
the recipient in the year received. In turn, the personForm 1040 for your personal taxes. Regardless of
paying the alimony can claim a deduction for theincome levels, deductions or miscellaneous tax issues,
payments if the following tests are met:you cannot use Form 104A or Form 1040EZ.
1. You and your spouse or former spouse do not file aIn preparing your tax return, the person receiving
joint return with each other,alimony will report the information on line 11 of Form
2. You pay in cash (including checks or money orders),1040. That person must also provide their social
3. The divorce or separation instrument does not saysecurity number to their former spouse or face a fine
that the payment is not alimony,of $50. The person paying the alimony can claim the
4. If legally separated under a decree of divorce ordeduction on line 34a of Form 1040.
separate maintenance, you and your former spouse