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10-24-2021, 07:01 AM
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Sage
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Join Date: May 2013
Location: South of 466a, if you don't like me.......I live in Orlando.
Posts: 12,826
Thanks: 1,011
Thanked 11,029 Times in 4,211 Posts
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Quote:
Originally Posted by retiredguy123
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.
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Identifying as Mr. Helpful
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