It is possible. Federal tax laws can be very complicated. Always consult an accountant or tax lawyer for proper advice for your specific situation. Most of the time, for a taxpayer paying alimony to be allowed to deduct those payments from taxes, certain criteria must be met. Those criteria include:
This is a possibility. Check with your accountant or tax professional. See the requirements above.
This is a great question. No one can predict the future. As the frequency of the traditional marriage reduces, so will alimony as a goal in society. In Tennessee, no one expects a major change in the immediate future. While the concept of alimony may seem outdated to many, the reality is that the need for alimony still exists. This is so a supported spouse leaving the marriage will have some sort of help to make that transition.