Under the new Tax Cuts and Jobs Act (TCJA), alimony payments that were previously tax deductible will no longer be for all post-2018 divorce agreements.
Despite the change in federal law, some states will allow alimony payments to be deductible for state income taxes. In New York, alimony payments are still deductible from New York State and City taxable income, even if a divorce agreement came after 2018.
Despite the change in federal law, some states will allow alimony payments to be deductible for state income taxes. In New York, alimony payments are still deductible from New York State and City taxable income, even if a divorce agreement came after 2018.
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