Alimony
https://falconcpa.com/wp-content/themes/osmosis/images/empty/thumbnail.jpg 150 150 speakeasy speakeasy https://secure.gravatar.com/avatar/1ee8bd3c861e30321e8b5e706cf7b0e5?s=96&d=mm&r=gQuestion: I pay alimony. Is it deductible? Answer: Yes, alimony is deductible by the one paying it and taxable income to the one receiving it. In fact, for the payer, it is an “above-the-line” deduction which means it can be deducted to arrive at adjusted gross income (AGI) even if you take the standard deduction…
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