Payments made to a separated or divorced spouse as required by a divorce decree or separation agreement. Alimony is different from child support, because it is based on the idea that a husband and wife must both support each other. A court may order an individual to pay alimony based on the circumstances, and may take into consideration a variety of factors including how long the couple has been married, how much money each individual is likely to make in the future, and if either party has any specific needs (such has health issues) which have a high financial expense. In general, women are granted alimony more frequently than men. Alimony is counted as income for the person receiving it, and is deducted from the income of the person paying it.
Related information about alimony:
- Alimony - Wikipedia, the free encyclopedia
Alimony (also called maintenance (Britain) and spousal support (U.S./Canada)) is a legal obligation on a person to provide financial support to their spouse after ...
- Alimony - Legal Dictionary - The Free Dictionary
Payment that a family court may order one person in a couple to make to the other person when that couple separates or divorces. The purpose of alimony is to ...
- Tax Topics - Topic 452 Alimony Paid
Sep 11, 2012 ... Topic 452 - Alimony Paid. Amounts paid under divorce or separate maintenance decrees or written separation agreements entered into ...
- Alimony in Divorce
Alimony or spousal support is a flexible financial tool for divorcing couples. It offers tax advantages that can help put more cash in the pockets of both spouses.
- Alimony - Alimony Obligation
The first consideration when settling a spouse's alimony obligation would be the ability to pay. The court looks at the spouses gross income and reduces it by ...
- New alimony law is bad for women - CNN.com
Mar 9, 2012 ... Wendy Murphy says: Massachusetts' alimony law isn't good for women getting a divorce, especially those who stayed home to raise a family.
- Alimony - Merriam-Webster Online
an allowance made to one spouse by the other for support pending or after legal separation or divorce. 2. : the means of living : maintenance · See alimony ...
- Alimony | Define Alimony at Dictionary.com
Law. an allowance paid to a person by that person's spouse or former spouse for maintenance, granted by a court upon a legal separation or a divorce or while ...