Alimony is court-ordered support paid to a spouse after divorce or separation. It can be stopped by obtaining a substitute court order or changing the terms of the original decree. Laws vary by jurisdiction. Alimony, sometimes referred to as spousal support, is paid to a spouse based on a court order following a divorce or […]
Alimony requirements and payment amounts vary by country, with factors such as income, standard of living, and length of relationship taken into account. Alimony derives from common law principles of marriage, and important factors in determining payments include each spouse’s ability to earn a living, income, standard of living, length of marriage, and presence of […]
Marital support and alimony are payments made between spouses during a divorce or separation. Spousal support is made during proceedings, while alimony is paid after finalization. Calculation is based on income differences, and alimony is tax-deductible, while spousal support is tax-free. Marital support and alimony refers to the transfer of money, funds, and other assets […]
Alimony is taxable income for the recipient in the US, but child support is not. The person paying alimony can deduct payments from their taxable income. It’s important to keep alimony and child support payments separate to avoid tax problems. Depending on the tax laws where you live, you may have to pay tax on […]
