DEFINITION of 'Alimony'

Payments made to a spouse or former spouse under a separation or divorce agreement. In the United States, each state sets its own laws on how alimony is awarded and paid. Whether alimony will be awarded and how much it will be is determined by factors such as the length of the marriage, the spouses' relative incomes and the spouses' financial prospects.


For the receiver, payments are considered taxable income; for the payer, they are a deductible expense. Alimony should not be confused with child support. Alimony payments are specifically meant to support a spouse or former spouse, while child support payments are specifically intended to support one or more children from a dissolved relationship or marriage. Neither alimony nor child support payments may be discharged in bankruptcy.

  1. Income

    Money that an individual or business receives in exchange for ...
  2. Alimony Payment

    A periodic pre-determined sum awarded to a spouse or former spouse ...
  3. IRS Publication 504

    A document published by the Internal Revenue Service that provides ...
  4. Legal Separation

    For all practical purposes, a circumstantial divorce without ...
  5. Child Support

    The monetary payments that are made from one ex-spouse to another ...
  6. Income Tax

    A tax that governments impose on financial income generated by ...
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