NOTE: FOR TAX YEAR 2020
We can't see your tax return but yes, alimony entered will appear as $0 on your federal income tax return.
For federal income tax purposes: if you receive Alimony (spousal support), Alimony payments resulting from agreements executed after 2018 no longer have to be reported as income due to the Tax Cuts and Jobs Act (TCJA) that Congress signed into law on December 22, 2017. The same holds true for agreements modified after 2018 if the new version specifically states that the TCJA treatment of nonreportable alimony payments now applies.
If you pay Alimony (spousal support), Alimony payments resulting from agreements executed after that date can no longer be deducted due to the Tax Cuts and Jobs Act (TCJA) that Congress signed into law on December 22, 2017. The same holds true for agreements modified after 2018 if the new version specifically states that the TCJA treatment of nondeductible alimony payments now applies.
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