Tax Law Change on Alimony

Dr Friday Tax Tips - One Minute Moment
Dr. Friday Tax Tips
Tax Law Change on Alimony

Dr. Friday 0:00
Good day. I’m Dr. Friday, President of Dr. Friday’s Tax and Financial firm. To get more info go to This is a one-minute moment.

Dr. Friday 0:13
The tax law changed at the end of 2018 when it came to alimony. Many people seem to be a little confused about how exactly that’s supposed to work. I had a case that came in my door just the other day where she thought because they changed the law and said alimony was not taxable income. She hadn’t been reporting it for the last two years, almost three, and in that case, she was getting hit with a lot of love letters from the Internal Revenue Service. Sometimes guy’s tax law can be confusing. Sometimes you hear something or read something on the internet and the next thing you know, “Oh, that applies to me. I don’t want to pay these taxes. Get the expert to help you out. So call me today.

Announcer 0:51
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