Alimony

Forum|Forum|2 years ago
October 25, 2023
2 replies
13 views

My only income is $9600 (alimony) per year. Do I still need to file taxes?

Ask the Experts - Extension - Sept 2023

DoninGA

Level 15

If the alimony is the only type of income that you receive for the entire year and you are filing as Single, then you do not need to file a return since your taxable income is less than your Standard Deduction.

Provided you do not have health insurance through one of the state Marketplace Exchanges or from healtcare.gov and do not receive a Form 1095-A. If you do receive a Form 1095-A for health insurance then you will need to file a tax return.

Standard deductions for 2023

Single - $13,850 add $1,850 if age 65 or older
Married Filing Separately - $13,850 add $1,500 if age 65 or older
Married Filing Jointly - $27,700 add $1,500 for each spouse age 65 or older
Head of Household - $20,800 add $1,850 if age 65 or older

toothgrlAuthor

Level 2

Thank you 🙂

evelynm

Employee Tax Expert

Hello -

If you are receiving alimony payments from a recent decree the alimony is not reportable and not taxable. However; if it was finalized before 2019 that will have to be reported as income.

Here is a link for further details: https://turbotax.intuit.com/tax-tips/marriage/filing-taxes-after-a-divorce-is-alimony-taxable/L3RVrBfu7

If you do have to report the income here are the thresholds: https://turbotax.intuit.com/tax-tips/irs-tax-return/does-everyone-need-to-file-an-income-tax-return/L7pluHkoW#GoTo-Consider-your-gross-income-thresholds

Have an amazing day. Evelyn M (CPA 20+ years). I would love a thumbs up :) + Mark the post that answers your question by clicking on "Mark as Best Answer".