Alimony payments, whether made monthly, annually, or as a one-time lump sum, are considered a personal obligation and are not tax-deductible for the payer.
Disclaimer : Mymoneytimes implements extreme caution and care in collecting data before publication. Mymoneytimes does not liable for the adequacy, accuracy or completeness of any given information. Hence we are not liable for any kind of direct or indirect loss caused by the use of such information.