Is your alimony considered income for which income taxes must paid (reported on income tax filing) if your ex also pays you child support? They both are used to support the children and our living expenses
Unfortunately yes. For federal income tax purposes, alimony is taxable to the recipient and deductible (an above the line deduction) to the payer.
Child support is not taxable.
Yes, alimony is considered as income for income tax purposes for the recipient. Alimony is deductible to the payor. This is true regardless of what the money is used for or if child support is also paid. If the payments are labeled as alimony, then it must be considered as income for the recipient.
Attorney with Rosen Law Firm Cary • Chapel Hill • Durham • Raleigh • Wake Forest
Rosen Online | Unlimited confidential access to a North Carolina attorney for $199/mo - click here
The response posted above is based upon the limited factual information made available and is not intended as a full and complete response to the question. The only reliable manner to obtain complete and adequate legal advice is to consult with an attorney, fully explain your situation, and allow the attorney sufficient opportunity to research the applicable law and facts required to render an accurate opinion. The basic information provided above is intended as a public service only, a full discussion with an attorney should be undertaken before taking any action. The information posted on this forum is available for public viewing and is not intended to create an attorney client relationship with any individual. These answers are provided for informational purposes only, a person should consult with their own individual legal counsel before taking any action that could affect their legal rights or obligations.