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Gross Income & Alimony Paid Out

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Citi Mortgage & Citi Financial Homeowner Help Center The great people at Citi Mortgage and Citi Financial (which are now merged) have contacted us at Loan Safe and asked that we make sure that their customers know that they are here to help them. We at Loan Safe believe 100% that this is true and will help facilitate this via Citi's new forum.

This is a discussion on Gross Income & Alimony Paid Out within the Citi Mortgage & Citi Financial Homeowner Help Center forums, part of the Stop Foreclosure and Tell Us Your Story category; I have entered into a trial period with CitiMortage. They have reduced my payments to 31% of gross income. My ...

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11-06-2009, 08:39 AM	#1 (permalink)
ChiliBeso Junior Member Join Date: Nov 2009 Posts: 1 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Gross Income & Alimony Paid Out I have entered into a trial period with CitiMortage. They have reduced my payments to 31% of gross income. My question is whether alimony paid is excluded from my gross income. I pay significant alimony to my ex-husband which is taxable to him. Due to the federal tax treatment of alimony, I would assume that alimony is his income, not mine. Shouldn't my gross income be reduced by the amount of alimony before the 31% is applied?

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