2019 Changes to Alimony

 

The tax law that was passed by Congress and signed into law by President Trump on December 22, 2017 called the Tax Cuts and Jobs Act (H.R. 1) made changes to the alimony. Below is the UPDATED information.

Beginning January 1, 2019 for any new or modified alimony agreements, amounts paid will NOT be deductible and amounts received will NOT be taxable.