February 2018
We’re not here to tell you that alimony payments are a thing of the past; they’re very much alive. However, the tax treatment of alimony for the payer and the recipient is changing as a result of the Tax Cuts and Jobs Act of 2017. Owing to tax reform, alimony payments will no longer be deductible under divorce agreements (or certain modifications to pre-existing agreements) entered into after Dec. 31, 2018. Additionally, alimony payments will no longer be taxable to recipients.
