Alimony

Rmangum · ‎07-12-2020

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

Ron

George4Tacks · ‎07-13-2020

It changed.

Here's wishing you many Happy Returns

Just-Lisa-Now- · ‎07-13-2020

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 · ‎07-13-2020

That is way more than a 1 minute refresher.

Here's wishing you many Happy Returns

Alimony

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