Is My Alimony Still Tax Deductible in 2019?
As of January 1, 2019, the law has changed in regard to tax implications when it comes to alimony. A spouse who is either ordered to pay alimony or who receives alimony will no longer be allowed to claim the alimony as income or list the alimony as a deduction when it comes to taxes. Prior to January 1, 2019, the spouse receiving alimony was able to list it as taxable income and the spouse paying alimony was able to list it as a deduction, but this is no longer the case. This will apply to all alimony orders that are entered after January 1, 2019. This new change in the tax law will not apply to any Orders for alimony that were entered prior to January 1, 2019.