Alimony has two important tax statuses. If you finalized your divorce before Jan. 1, 2019, the person who collects alimony pays taxes on this money. This means that the person who pays alimony can ...

Taxes are already complicated enough without adding divorce or dependents to the mix. But if you’ve been making or receiving alimony or child support payments, you need to know how those payments ...

Divorce can be simple or it can be messy. For some, it's become a little more urgent. The $1.5-trillion tax overhaul includes the end of a 75-year-old deduction on alimony payments, to kick in at the ...

Editor’s Note: The 2017 Tax Act eliminated the deduction for alimony for tax years beginning after 2018, and provides that alimony and separate maintenance payments are no longer included in income of ...

Q Can you deduct alimony payments? A Alimony is an amount paid to a spouse or former spouse under a divorce or separation agreement, and does not include child support payments or property settlement ...

The formula created to determine the New York spousal support (maintenance) guidelines was created assuming that the support calculated would be fully taxable to the payee and deductible to the payor.