Will I need to pay taxes on alimony that I get from my former spouse?
Yes. Unless the order states otherwise, alimony is income, and thus, it is taxable. However, if you are the spouse who pays alimony after a divorce, it is a deductible expense.
The tax implications of receiving or paying alimony are another reason to have an experienced family law attorney at your side during your divorce.
Please read more about Alimony in South Carolina divorces.
Posted in: Family Law FAQs