Not exact matches
Alimony deductions: The new eliminates the alimony deduction for payors, and the corresponding taxable income for recipients, for divorce or separation agreements entered in to afte
Alimony deductions: The new eliminates the
alimony deduction for payors, and the corresponding taxable income for recipients, for divorce or separation agreements entered in to afte
alimony deduction for payors, and the corresponding taxable income for recipients, for divorce or separation agreements entered in to
after 2018.
Your AGI is your income
after adjustments for
deductions like student loan interest, IRA contributions and
alimony payments.
My monthly paycheck is about $ 5000 (
after standard
deductions +
alimony + child support).
After taxes,
deductions, health insurance, 401k,
alimony and child support, my monthly paycheck is $ 5k - with moonlighting it's $ 6k.
Nobody who entered into a divorce judgment
after Dec. 31 will get to take advantage of the
alimony deduction.
The repeal of the
alimony tax
deduction affects divorce settlements and court orders that are signed
after Dec. 31, 2018.