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Relationship Discussion (non-explicit)
Reply to "What was your alimony arrangement?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]SAHM Married 24 years $10,000 a month for ten years $8,000 a month for five years $5,000 a month for life [b]This is tax free[/b][/quote] I don’t understand how this is possible. Traditionally, alimony is deductible to the payer and taxable to the recipient. I don’t see the IRS allowing anyone to get $5k a month, essentially forever, tax free. [/quote] The law changed last year. The payer now pays the taxes.[/quote] Only for new divorces. Old ones alimony is still tax free [/quote]
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