https://ttlc.intuit.com/community/taxes/discussion/divorce/01/2723173#M979099 <P>My husband and I are getting a divorce. He is planning on refinancing and buying me out of our home. My question is the money I receive from the buy out taxable income?</P> Mon, 09 Mar 2026 09:31:38 GMT Hergysis1 2026-03-09T09:31:38Z https://ttlc.intuit.com/community/taxes/discussion/divorce/01/2723173#M979099 <P>My husband and I are getting a divorce. He is planning on refinancing and buying me out of our home. My question is the money I receive from the buy out taxable income?</P> Mon, 09 Mar 2026 09:31:38 GMT https://ttlc.intuit.com/community/taxes/discussion/divorce/01/2723173#M979099 Hergysis1 2026-03-09T09:31:38Z https://ttlc.intuit.com/community/taxes/discussion/re-divorce/01/2723372#M979117 <P>Probably not. Under <A href="https://www.law.cornell.edu/uscode/text/26/1041" target="_blank">26 U.S. Code § 1041</A>, transfers of property between spouses or incident to divorce are generally not taxable.</P><P>&nbsp;</P><P>Additionally, the Tax Cuts and Jobs Act of 2017 removed the deduction for alimony payments or the inclusion of those payments into income for divorce or separation agreements beginning 1 January 2019, so any property settlement considered to be alimony is not taxable to you or deductible by your soon-to-be ex-husband.</P><P>&nbsp;</P><P><A href="https://www.irs.gov/forms-pubs/clarification-changes-to-deduction-for-certain-alimony-payments-effective-in-2019" target="_blank">CLARIFICATION: Changes to deduction for certain alimony payments effective in 2019</A></P> Mon, 25 Apr 2022 15:19:18 GMT https://ttlc.intuit.com/community/taxes/discussion/re-divorce/01/2723372#M979117 SundayInSalem 2022-04-25T15:19:18Z