Gambling winnings are fully taxable, so you won't get to keep every penny even if you beat the odds and win big. The Internal Revenue Service (IRS) has ways of ensuring that it gets its share. Casino winnings and winnings from lotteries, horse races, off-track betting, sweepstakes, and...
13. Taking an alimony deduction Alimony paid by cash or check under pre-2019 divorce or separation agreements is deductible by the payer and taxable to the recipient, provided certain requirements are met. For instance, the payments must be made under a divorce or separate maintenance decree ...