Quote:
Originally Posted by SeattleUte
My wife makes slightly less than me but net out the alimony I pay and she makes substantially more. Alimony is not taxable income, it's not even a deduction. Waters probably thought that was a jab, but it's not to me. She's also 14 years younger than me, so, yes, she's a superstar.
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Are you certain?
In our state, child support payments are not deductible for the payer and not recorded as income for the recipient, but I have always been informed that alimony is income and tax deductible for the payer.
I believe I might even be able to find a code section on that.
And I'm with you, I'm all ready to be a kept man.