Is alimony taxable? No. For divorces entered into before 2019, the spouse who received alimony payments would have to include alimony as earned income when filing taxes while the spouse who furnished the alimony payments could claim a deduction for the alimony payments.
However, going forward from January 1st, 2019, alimony will neither be taxable nor deductible to either party involved.
Lee is the founder of Rosen Law Firm and, while retired, still lives on through this website, a huge repository of information to help educate people about family law. It demystifies the divorce process, sharing the secrets and information that other lawyers normally try to keep hidden. Today, this website contains a vast assortment of webinars, legal forms, statutes, Q&As with lawyers, audio and video courses, articles, and lots more.
