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Alimony

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Level 1

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

Ron

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3 Replies 3
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Level 15

It changed. 


ex-AllStar
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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♥¸¸.•*¨*•♫♪
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Level 15
That is way more than a 1 minute refresher.

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