Every Single Tax Deduction You Could Possibly Ask For

Alimony

If you paid alimony as part of a divorce or separate maintenance decree, you can deduct the amount you paid. Your payments qualify as alimony if:

  • You and your spouse or former spouse do not file jointly
  • Payments were made with cash, check or money order
  • You are legally separated and don’t live in the same household as your former spouse
  • Child support is not part of your payment
  • Payments went to your spouse or former spouse

Unfortunately, alimony will no longer be deductible for those who divorce after Dec. 31, 2018, according to the new tax law.

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4 thoughts on “Every Single Tax Deduction You Could Possibly Ask For”

  1. Much Appreciated info in a great floor Mate easy to understand I will be asking some questions this year from our tax man this year 2019

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