Separate Maintenance Payments

Separate Maintenance Payments

Amounts paid to one spouse by the other spouse under a court order or agreement while they live apart.
Mentioned in ?
References in periodicals archive ?
Some of these payments represent alimony and separate maintenance payments (referred to simply as alimony in this column), which are deductible by the payer in arriving at adjusted gross income and are taxable income to the payee (Sees.
If you are divorced or separated, you may be able to deduct the alimony or separate maintenance payments that you are required to make to your spouse or former spouse, or on behalf of that spouse.
Alimony and separate maintenance payments (collectively referred to as alimony) are taxable to the recipient and deductible by the payor.
Alimony and separate maintenance payments can be deductible from income by the payor under I.
Since the $20,000 annual payments will not end at the death of the former spouse, these payments will not qualify as deductible alimony or separate maintenance payments.
71 (a) requires alimony or separate maintenance payments to be included in a recipient's gross income.
71, which includes taxable alimony or separate maintenance payments received under a decree of divorce or separate maintenance.
71 (b) (1) defines alimony or separate maintenance payments as any payment in cash received by (or on behalf of) a spouse under a divorce or separation instrument that does not designate the payment as excludible from gross income under Sec.