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Should You Report Alimony on Your Tax Return?

Filing taxes after a divorce can be complex, particularly if alimony payments are involved. Your divorce lawyer in Owning Mills can offer advice about filing your taxes after a divorce. This video addresses a common question that people have about alimony and taxes.

Generally, alimony payments are taxable income for the recipient and deductible expenses for the person paying the alimony. If you are the person paying the alimony, you will need to include the Social Security number of your ex on your taxes so the IRS can determine where those payments are going. If you are unsure about how alimony and other aspects of your divorce may impact your taxes, ask your divorce lawyer for advice or a referral to a tax professional.