You'll need to sign in or create an account to connect with an expert.
Was your divorce or separation agreement finalized by the court after December 31, 2018?
It depends. Alimony that is received pursuant to a divorce agreement entered into before the law changed is taxable. And, not all states (California is an example) conform to the Federal law change.
The taxation of alimony on federal tax returns recently changed because of the Tax Cuts and Jobs Act of 2017 (TCJA). Today, alimony or separate maintenance payments relating to any divorce or separation agreements dated January 1, 2019 or later are not tax-deductible by the person paying the alimony, and the person receiving the alimony does not have to report the alimony received as taxable income.
Before the changes in the Tax Cuts and Jobs Act, alimony payments were tax-deductible by the person making the payment. The person receiving the alimony had to claim it as income on their federal tax return.
See this TurboTax article for more information regarding alimony.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
tylerwkeller
New Member
cheery2
New Member
drahcirpal
Level 2
rjford-author
New Member
sergeantguam
New Member