Spousal Support (Alimony) and Taxes: Changes Ahead?
One important aspect of spousal support (a.k.a. alimony) is that the payor of the support gets a tax benefit. Spousal support, unlike child support, is taxed as income to the recipient and tax-deductible to the person paying. This is the law in California and also in the federal tax code. Now, that appears to be…