Whether Alimony is taxable or deductible depends on when the divorce decree of separation agreement was effective. After 2018, alimony is no longer taxable by the recipient nor deductible by the payor.

If you have questions please contact Todd Mershon, CPA, at (770) 287-7800 or tmershon@rushtonandcompany.com. Stay tuned for more tax tips or follow them on our social media accounts every #TaxTipTuesday!