What are the tax implications of alimony payments?

All Family Law FAQ’s | NJ Alimony FAQ’s

Q) What are the tax implications of alimony payments?

A) If you are paying alimony to a former spouse, you may be able to list the payments on your tax return and they may be considered a tax deduction. Similarly, if you receive alimony payments, you must list the payments as income on your tax return.

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