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If you paid $5,200 in alimony this year compared to $12,000 last year, you are paying taxes on almost $7,000 more income. When you pay alimony, the amount is deducted from your taxable income, and that could possibly change your tax bracket to pay a higher rate.
If you paid $5,200 in alimony this year compared to $12,000 last year, you are paying taxes on almost $7,000 more income. When you pay alimony, the amount is deducted from your taxable income, and that could possibly change your tax bracket to pay a higher rate.
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