Alimony Payment

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Dictionary Says

Definition of 'Alimony Payment'

A periodic pre-determined sum awarded to a spouse or former spouse following a separation or divorce. Alimony is an obligation to make payments for support or maintenance; an alimony payment is the actual sum paid to fulfill the obligation. A decree or court order outlines the alimony payment structure and requirements.
Investopedia Says

Investopedia explains 'Alimony Payment'

When a married couple becomes legally separated or divorced, a court may determine the legal obligation of one of the individuals to provide money to the other to provide the type of financial support to which he or she has become accustomed to throughout the life of the marriage. In the United States, the Internal Revenue Service permits alimony payments to be deductible by the payer, and requires the recipient to include the alimony payments as income. Child support payments are separate from alimony payments.
Search results for

'Alimony Payment'

  • The Fundamentals Of Spousal Support Taxation

    http://www.investopedia.com/articles/tax/10/spousal-support-taxation.asp
    ... Alimony must be specified as a mandatory payment in the agreement. Any
    voluntary payments that are made to one ex-spouse by the ...

  • 5 Things You Need To Be Pre-Approved For A Mortgage - Investopedia ...

    http://financialedge.investopedia.com/financial-edge/0411/5-Things-You-Need-To-Be-Pre-Approved-For-A-Mortgage.aspx
    ... year-to-date income, proof of any additional income such as alimony or bonuses ... account
    statements to prove that you have funds for the down payment and closing ...

  • Top 5 Reasons Why People Go Bankrupt - Investopedia.com

    http://financialedge.investopedia.com/financial-edge/0310/Top-5-Reasons-People-Go-Bankrupt.aspx
    ... foreclosure on their homes if they are unable to make this payment as well ... by a division
    of marital assets, decree of child support and/or alimony, and finally ...

  • Buying A Home: Calculate How Much Home You Can Afford ...

    http://www.investopedia.com/university/home/home3.asp
    ... major components of your home payment (property, interest, taxes and insurance)
    and any amounts you are legally obligated to pay (like child support or alimony ...

  • 5 Things To Consider Before Late-In-Life Marriage

    http://www.investopedia.com/articles/pf/09/what-to-consider-before-marrying.asp
    ... children from a previous relationship, this will also introduce a set of issues
    to discuss, such as the payment or receipt of child support and possibly alimony ...

  • Credit And Debt Management: Debt Collection And Bankruptcy ...

    http://www.investopedia.com/university/credit-debt-management/management6.asp
    ... In a final settlement, you make one lump-sum payment of much less than ... Child support,
    alimony, education loans and most unpaid taxes cannot be discharged, and ...

  • Top 5 Reasons Why People Go Bankrupt Slideshow | Investopedia

    http://www.investopedia.com/slide-show/top-5-reasons-why-people-go-bankrupt
    ... foreclosure on their homes if they are unable to make this payment as well ... by a division
    of marital assets, decree of child support and/or alimony, and finally ...

  • Top 5 Reasons Why People Go Bankrupt Slideshow | Investopedia

    http://www.investopedia.com/slide-show/top-5-reasons-why-people-go-bankrupt/too-much-debt.aspx
    ... foreclosure on their homes if they are unable to make this payment as well ... by a division
    of marital assets, decree of child support and/or alimony, and finally ...

  • Top 5 Reasons Why People Go Bankrupt Slideshow | Investopedia

    http://www.investopedia.com/slide-show/top-5-reasons-why-people-go-bankrupt/health-problems.aspx
    ... foreclosure on their homes if they are unable to make this payment as well ... by a division
    of marital assets, decree of child support and/or alimony, and finally ...

  • Top 5 Reasons Why People Go Bankrupt Slideshow | Investopedia

    http://www.investopedia.com/slide-show/top-5-reasons-why-people-go-bankrupt/divorce.aspx
    ... foreclosure on their homes if they are unable to make this payment as well ... by a division
    of marital assets, decree of child support and/or alimony, and finally ...

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