Are alimony payments deductible for the recipient?

In Louisiana, alimony payments are not deductible for the recipient. Alimony is intended to provide financial support for an ex-spouse and is subject to federal income taxes. The recipient must report the payments as income, meaning they are taxed. The paying spouse, however, is allowed to deduct the alimony payments from their gross income, meaning the paying spouse is not taxed on this income. It is important to note that due to the Tax Cuts and Jobs Act of 2017, alimony payments are no longer deductible for the paying spouse. This is only in effect for divorce agreements entered into after December 31, 2018. For agreements prior to that date, the paying spouse can still deduct the alimony payments from their gross income. Louisiana law specifies a few other rules for alimony payments, such as the duration of payments, restrictions on payment modifications, and how monies must be paid. It is important to understand the laws before filing for alimony or if entering into an agreement for alimony payments. It is also important to keep in mind the tax implications of the payments.

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Are alimony payments deductible for the recipient?

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