Alimony received is included in gross income for the receiver and a tax deduction for the payer.

Name: Alimony received is included in gross income for the receiver and a tax deduction for the payer.
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Quizplus · Accepted Answer

This statement is true. Alimony received is considered taxable income for the person receiving the payments and the person making the payments can deduct it from their gross income on their tax returns. However, it is important to note that this only applies to alimony, not to child support payments.

Alimony Received Is Included in Gross Income for the Receiver