How does Spousal Support and Alimony differ?

The Internal Revenue Code only refers to “alimony”. Payments that meet the qualifications outlined in Section 71(b) of the Internal Revenue Code are considered to be taxable alimony and are deductible by the payer under Section 215 of the Internal Revenue Code. Even if the agreement states that the payments are to be considered alimony, only payments that meet all of the qualifications will be considered alimony by the IRS for tax purposes.

Posted in: Allimony