Phrases with «taxable alimony»

"Taxable alimony" refers to the portion of money received by an individual as alimony or spousal support from their ex-spouse that is subject to taxation. This means that the recipient of alimony may need to report and pay taxes on the amount they receive. Full definition

Sentences with «taxable alimony»

  • The rule applies only to taxable alimony income, though. (fairmark.com)
  • If you itemize, you can deduct certain legal fees related to doing or keeping your job, collecting taxable alimony or any fees you spent for tax advice. (gobankingrates.com)
  • For purposes of making an IRA contribution, taxable alimony income counts as qualifying income. (fairmark.com)
  • (see all sentences)
a b c d e f g h i j k l m n o p q r s t u v w x y z