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eachapman
New Member

I am reading that alimony will not be considered income starting this year 2019. Is that accurate?

 
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IreneS
Expert Alumni

I am reading that alimony will not be considered income starting this year 2019. Is that accurate?

Not exactly - It only applies to agreements entered into in 2019 and beyond.  According to IRS Pub. 504 - Divorced or Separated Individuals:

Amounts paid as alimony or separate maintenance payments under a divorce or separation agreement executed, or changed, after 2018 won't be deductible by the payer. Such amounts also won't be includible [sic] in the income of the recipient.

Alimony paid under agreements before January 1, 2019 are still:
  • deductible to the payer; and
  • taxable income to the recipient.



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1 Reply
IreneS
Expert Alumni

I am reading that alimony will not be considered income starting this year 2019. Is that accurate?

Not exactly - It only applies to agreements entered into in 2019 and beyond.  According to IRS Pub. 504 - Divorced or Separated Individuals:

Amounts paid as alimony or separate maintenance payments under a divorce or separation agreement executed, or changed, after 2018 won't be deductible by the payer. Such amounts also won't be includible [sic] in the income of the recipient.

Alimony paid under agreements before January 1, 2019 are still:
  • deductible to the payer; and
  • taxable income to the recipient.



**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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