PAYMENTS TO FORMER SPOUSES
01.Core Concepts
• Alimony pursuant to a decree entered into on or prior to December 31, 2018 • Deducted (above the line) by payor • Taxable to payee • Alimony pursuant to a decree entered into after December 31, 2018, or a decree substantially modified after that date: • No deduction by payor • Not taxable to payee • Child Support • No deduction permitted • Property Settlement • No deduction permitted