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  2. Alimony and Child Support: Tax Rules For 2025 - AOL

    www.aol.com/finance/alimony-child-support-tax...

    Alimony: If the divorce was finalized in 2019 or beyond, alimony payments won’t be considered taxable income or be eligible for a tax deduction. Alimony payments may be deductible or reportable ...

  3. Alimony - Wikipedia

    en.wikipedia.org/wiki/Alimony

    In divorces and separation agreements signed on December 31, 2018 and earlier, alimony is tax-deductible for the payer, and treated as taxable income for the recipient. Pursuant to the Tax Cuts and Jobs Act of 2017, for divorce judgments dated January 1, 2019 and later, spousal support is treated as not-taxable and non-deductible for either party.

  4. Do I Need to Pay Taxes on Alimony? - AOL

    www.aol.com/pay-taxes-alimony-130005407.html

    Alimony has two important tax statuses. If you finalized your divorce before Jan. 1, 2019, the person who collects alimony pays taxes on this money. This means that the person who pays alimony can ...

  5. 8 Types of Income That Aren’t Taxable in 2024 - AOL

    www.aol.com/finance/types-income-aren-t-taxable...

    Any separation or divorce finalized on or before December 31, 2018, means that the person who receives the alimony money would pay federal income tax. However, since Jan. 1, 2019, those taxes are ...

  6. Taxable Income: What It Is and How To Calculate It - AOL

    www.aol.com/taxable-income-calculate-185222875.html

    Alimony. Health Savings Account contributions. Student loan interest payments. Teacher expenses. Business use of your home or car. ... Taxable income on a W-2 would include wages, salaries ...

  7. What Is Taxable Income? Here’s What You Must Report ... - AOL

    www.aol.com/taxable-income-must-report-avoid...

    If you are a single filer whose income ranges from $25,000 to $34,000, you might have to pay income tax on up to 50% of your benefits, and if you make more than $34,000, you might have to pay ...

  8. Above-the-line deduction - Wikipedia

    en.wikipedia.org/wiki/Above-the-line_deduction

    In the United States tax law, an above-the-line deduction is a deduction that the Internal Revenue Service allows a taxpayer to subtract from his or her gross income in arriving at "adjusted gross income" for the taxable year. These deductions are set forth in Internal Revenue Code Section 62.

  9. 12 types of passive income that aren’t taxable - AOL

    www.aol.com/finance/12-types-passive-income-aren...

    Income in a State With No Income Tax Eight states currently do not tax income that is normally taxable at the federal level — Alaska, South Dakota, Nevada, Florida, Texas, Wyoming, Washington ...

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