Tag: taxation of Alimony

  • Is Alimony received Taxable ??

    Is Alimony received Taxable ??

    Each alimony case is distinct and personal to the case at hand. Regardless of this fact, alimony is a financial transaction and like all financial transactions are required to stand the scrutiny of income tax liability. So, do the beneficiaries receiving alimony need to pay income tax on it? The answer to this is tricky.

    Read more