Recent Examples of alimony from the Web
The House plan would eliminate the tax deduction for alimony.
Yet on the other side, recipients' reported alimony income was $2.3 billion less.
In the future, alimony would not be taxable or tax-deductible, putting it on the same footing as child support payments, Gale said.
The divorce documents also show that eight years ago, Hefner was spending $46,000 per month on food, entertainment and health care, plus more than another $20,000 a month on alimony.
In court filings, Cabrera contends that asking for additional payments amounts to extortion, alleging Rodriguez is trying to squeeze alimony out of him when they were never married.
According to Peg Entwistle and the Hollywood Sign Suicide: A Biography, Peg consistently had to bail her husband out of both financial trouble and jail (for failing to pay alimony and for drunk driving).
His time in the Legislature is perhaps most memorable for his long-time advocacy for ending permanent alimony and his attempt to repeal a state ban on dwarf-tossing.
Winners sometimes do this to avoid having alimony, or taxes, or a lien from being deducted from their winnings.
These example sentences are selected automatically from various online news sources to reflect current usage of the word 'alimony.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.
Origin and Etymology of alimony
First Known Use: circa 1613See Words from the same year
Financial Definition of ALIMONY
What It Is
Alimony is a series of payments made to an ex-spouse or separated spouse according to a divorce decree or separation agreement.
How It Works
In general, a spouse must have been financially dependent on the other spouse for most of the marriage to receive alimony. The calculations and standard amounts vary by state, but each party's ability to earn money, the length of the marriage, the conduct of the parties, and health and age all affect the amount.
Alimony payments are usually made monthly. For tax purposes, noncash payments and voluntary extra payments do not count as alimony. However, payments to a third party on behalf of the ex- or separated spouse sometimes qualify as alimony (medical expenses, housing costs, tuition, etc.), however.
Why It Matters
From a financial perspective, alimony matters because it has significant tax consequences for both the payer and the receiver. Most notably, alimony is tax-deductible for the payer and taxable for the payee. Because of this tax deduction (and the resulting temptation to mask all payments to an ex as alimony), the IRS applies two tests to ensure that the payments are not really child support or property settlement payments (which are not deductible). For this reason, alimony payments should be explicitly described in the divorce decree or separation agreement, and they must be labeled as alimony. Otherwise, the IRS may tax child support as alimony.
Also, alimony payments to an ex- or separated spouse typically only count as alimony for tax purposes in years when the parties did not file a joint tax return or live in the same dwelling. If alimony payments decrease or terminate during the first three years, filers may be able to recapture the taxes paid (and deductions claimed) under the IRS's recapture rule. In any case, both the alimony payer and alimony payee must file an IRS Form 1040 rather than a 1040A or 1040EZ if alimony is involved.
ALIMONY Defined for English Language Learners
ALIMONY Defined for Kids
legal Definition of alimony
- fathers and mothers owe alimony to their illegitimate children
- —Louisiana Civil Code
Origin and Etymology of alimony
Seen and Heard
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