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Are child support and alimony payments taxable income to the recipient and deductible to the payer?

April 26, 2017alimony child support deductible income payer PAYMENTS recipient taxable

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Are child support and alimony payments taxable income to the recipient and deductible to the payer?

1 Answer

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Child support payments are never taxable or deductible to the parties involved. Alimony, however, is taxable to the recipient and deductible by the payer.