Alimony and Income Tax: Is ex-wife liable to pay income tax on settlement amount received from husband in a divorce case?

Alimony tax: Did you ever wonder if alimony is taxable for the ex-wife. This is because the alimony is paid by husband after paying all the due income tax. Experts say, various court judgements said, yes ex-wife has to pay tax on alimony. However in one situation husbands have to pay income tax on alimony paid to ex-wife. Read to know more.

from Tax-Wealth-Economic Times https://ift.tt/hM358JH