Steve and Laura were divorced in 2012. Laura pays Steve alimony of $1,200 a month. The payment amount was agreed upon in the decree of divorce. To save money, Steve and Laura still live together. Are the alimony payments that Steve receives in 2019 included in his income? a. Yes, alimony is always taxable. b. Yes, the payments meet all alimony payment requirements. c. No, since Steve and Laura still live together, the payments are not considered alimony. d. No, only some of it is tax-exempt because Laura pays Steve too much alimony. e. Yes, alimony payments are not tax-exempt.
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Home » Business » Steve and Laura were divorced in 2012. Laura pays Steve alimony of $1,200 a month. The payment amount was agreed upon in the decree of divorce. To save money, Steve and Laura still live together.