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Level 1
July 13, 2020
Question

Alimony

  • July 13, 2020
  • 2 replies
  • 23 views

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

Ron

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2 replies

George4Tacks
Level 15
July 13, 2020

It changed. 

Answers are easy. Questions are hard!
Just-Lisa-Now-
Intuit Community Champion
July 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
Level 15
July 13, 2020
That is way more than a 1 minute refresher.
Answers are easy. Questions are hard!