Alimony-New law Cuts both Ways

The new Tax Cuts and Jobs Act (TCJA), cuts both ways on the issue of alimony. If you are a paying spouse, new divorces that are final post 12/31/2018, cannot deduct the alimony paid on their tax return. If you are a receiving spouse, the alimony payment you receive (if entered or modified post 12/31/2018, is no longer taxed. So, if a spouse is ordered to pay $1200 per month, $1200 is actually what will be received.

It will be interesting to see how the new law is received once its terms become effective.

https://www.marketwatch.com/story/new-tax-law-eliminates-alimony-deductions-but-not-for-everybody-2018-01-23