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Level 1
Jul 13, 2020 1:50 AM UTC
Question

Alimony

Can someone give me a 1 minute refresher of treatment of alimony in 2019?

Ron

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3 replies

George4Tacks
Level 15
Jul 13, 2020 5:15 AM UTC

It changed. 

Answers are easy. Questions are hard!
Just-Lisa-Now-
Intuit Community Champion
Jul 13, 2020 12:37 PM UTC

The short version:

The Tax Cuts and Jobs Act enacted new tax rules regarding spousal support payments, also known as alimony. In divorces finalized after January 1, 2019, the person paying spousal support can no longer deduct the amount from their taxes. For recipients, spousal support payments are no longer considered taxable income

Just type  "alimony 2019"  into google and you'll have it all there.

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
George4Tacks
Level 15
Jul 13, 2020 8:19 PM UTC
That is way more than a 1 minute refresher.
Answers are easy. Questions are hard!