Quote:
Originally Posted by Archaea
Your original post stated alimony is not deductible.
I stated it is deductible for the payer and charged as income to the recipient, unlike child support which is neither deductible nor chargeable.
We have no state income tax, we don't believe in taxation here, except upon visitors.
Here is your original quote in pertinent part:
"Alimony is not taxable income, it's not even a deduction."
I beg to differ. That is a correct statement for child support not alimony.
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I meant it's not taxable income to the payor. It doesn't even appear on my return. It's above the line. That makes a difference because above certain income levels deductions and exemptions start disappearing and getting compressed. My only point was that alimony I pay to my ex is not my income in any shape or form.