alimony deductions

New Tax Law Alters Alimony Deduction, Divorce Strategy

Alimony deductions are gone in 2019, and while payees won't be taxed on the payments, they'll also work harder for it during divorce negotiations. Effectively, the change is a financial loss for the person paying alimony and a windfall for the person receiving it. But ultimately, the change stands to limit the amount of alimony the payee receives in a divorce.