BHT&D Certified Public Accountants Blog

How Will Alimony Payments Be Taxed After 2018?

Posted by Joe Turnes on Fri, Nov 09, 2018 @ 08:00 AM

Alimony is the term used for payments to a separated spouse or ex-spouse as part of a divorce or separation agreement. Since 1985, to be alimony for tax purposes, the payments:

  • Must be in cash, paid to the spouse, ex-spouse, or a third party on behalf of a spouse or ex-spouse; 
  • Must be required by a decree or instrument incident to a divorce, a written separation agreement, or a support decree;
Read More

Tags: Tax Reform, Individual Tax, TCJA, Strategic Planning, Alimony