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Old 10-24-2021, 06:52 AM
retiredguy123 retiredguy123 is offline
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Originally Posted by dewilson58 View Post
Always Federally Taxed.
Not true. The Tax Cuts and Jobs Act (TCJA), that went into effect in December 2017, changed the rules. Before that law, the payee of alimony could claim a tax deduction, and the receiver had the claim the alimony as income. The new law takes away the deduction from the payer and allows the receiver to receive the payments tax free.