Welcome back! Ask questions, get answers, and join our large community of tax professionals.
cancel
Showing results for 
Search instead for 
Did you mean: 

Alimony

Rmangum
Level 1

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

Ron

0 Cheers

This discussion has been locked. No new contributions can be made. You may start a new discussion here

3 Comments 3
George4Tacks
Level 15

It changed. 


Answers are easy. Questions are hard!
0 Cheers
Just-Lisa-Now-
Level 15
Level 15

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
That is way more than a 1 minute refresher.

Answers are easy. Questions are hard!
0 Cheers