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  2. Alimony and Child Support: Tax Rules For 2025 - AOL

    www.aol.com/finance/alimony-child-support-tax...

    On or before December 31, 2018: If you finalized the divorce by the end of 2018, you may be able to claim a tax deduction. The alimony recipient may also need to pay taxes on the money they received.

  3. Will I Owe Taxes on a Divorce Settlement? - AOL

    www.aol.com/finance/avoid-paying-taxes-divorce...

    Noncash property settlements, whether in a lump-sum or installments. ... 2018, you can deduct the amount of your alimony payments from your income taxes. If there are loss-carryforwards, negotiate ...

  4. Alimony Tax Rules: What Divorcing Couples Need to Know - AOL

    www.aol.com/alimony-tax-rules-divorcing-couples...

    Although alimony is not deductible or reportable as income for divorces occurring on or after Jan. 1, 2019, the previous rules apply to you if you were divorced by Dec. 31, 2018.

  5. Effortless Tax Deductions: 6 Write-Offs You Don’t ... - AOL

    www.aol.com/finance/effortless-tax-deductions-6...

    If you’re self-employed, you can deduct 50% of the 12.4% Social Security tax on net self-employment income up to an annual ceiling, according to the NOLO legal website. You can also deduct 2.9% ...

  6. Alimony - Wikipedia

    en.wikipedia.org/wiki/Alimony

    Alimony, also called aliment (Scotland), maintenance (England, Ireland, Northern Ireland, Wales, Canada, New Zealand), spousal support (U.S., Canada) and spouse maintenance (Australia), [1] is a legal obligation on a person to provide financial support to their spouse before or after marital separation or divorce.

  7. Do I Need to Pay Taxes on Alimony? - AOL

    www.aol.com/finance/pay-taxes-alimony-130005407.html

    If you finalized your divorce before Jan. 1, 2019, the person who collects alimony pays taxes on this money. This means that the person who pays alimony can claim a full tax deduction for …

  8. Alimony Tax Rules: What Divorcing Couples Need to Know - AOL

    www.aol.com/news/alimony-tax-rules-divorcing...

    The Tax Cuts and Jobs Act made a big impact on filings for tax year 2018. From nearly double the standard deductions to new tax brackets, last year's tax filers had to adjust to changes to their...

  9. 8 things you should never try deducting from your taxes - AOL

    www.aol.com/news/2020-02-27-8-things-you-should...

    The alimony tax shelter stays in place unless an alimony modification specifically eliminates the deduction for the payer. However, newer divorcees paying alimony don’t get the benefit of a tax ...

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