Rmangum
Level 1
07-12-2020
08:50 PM
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Can someone give me a 1 minute refresher of treatment of alimony in 2019?
Ron
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George4Tacks
Level 15
07-13-2020
12:15 AM
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It changed.
Here's wishing you many Happy Returns
Just-Lisa-Now-
Level 15
07-13-2020
07:37 AM
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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
07-13-2020
03:19 PM
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That is way more than a 1 minute refresher.
Here's wishing you many Happy Returns
Here's wishing you many Happy Returns