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March 11, 2025
Question

Alymony credit

  • March 11, 2025
  • 2 replies
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    2 replies

    March 11, 2025

    Alimony? There is no credit at least for federal purposes 

     

    if the divorce or separation instrument was executed or modified (any such modification would need to expressly provide that the TCJA is to apply)  after 2018, there is no federal deduction for the payor and it's not taxable to the recipient

    SharonD007
    March 11, 2025

    Assuming that you are asking if you can deduct alimony payments on your tax return. You can  if your divorce or separation agreement was finalized before to January 1, 2019.

     

    For more information, refer to the TurboTax articles and Can I deduct alimony I paid to my ex-spouse? and Video: Tax Tips for Divorced Couples.

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    FilipperAuthor
    March 11, 2025

    I'm getting mix information from different people in 2021 22 and 23 I did my taxes through TurboTax and I applied my alimony as an income but some people tell me I shouldn't have is that correct because I've been paying taxes on my alimony at this point so does that mean that I should get a credit back

    DoninGA
    Employee
    March 11, 2025

    @Filipper Since the separation agreement was executed prior to January 1, 2019 then you correctly reported the alimony you received on those tax returns.

     

    Alimony payments resulting from agreements executed after 2018 no longer have to be reported due to the Tax Cuts and Jobs Act (TCJA) that Congress signed into law on December 22, 2017. The same holds true for agreements modified after 2018 if the new version specifically states that the TCJA treatment of nonreportable alimony payments now applies.