Alimony is a type of monetary payment that is made by spouses to each other or made by one partner to the other as a result of divorce or separation (Doskow, 2015). It is also crucial to note that alimony is also known as spousal maintenance or spousal support. The main objective of alimony is to aid the low-earning marriage partner to have the same standards of living as he or she used to have after separation. Alimony is a tax deductible expense that one can take advantage in order to reduce the tax payable at the end of a given period of ...
Essays on Alimony Payments
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