5 Questions
Alimony payments are reported on the tax return of the recipient.
False
True or false: Alimony payments are reported on the tax return of the recipient, not the payer.
False
True or false: The Tax Cuts and Jobs Act of 2017 made no changes to the taxation of alimony payments.
False
Under the TCJA, alimony payments made before January 1, 2019 can still be reported on the tax return for the year 2019.
True
True or false: Alimony payments made before January 1, 2019, are always deductible for the payer and taxable for the recipient.
False
Study Notes
"Test Your Knowledge: Understanding the Tax Implications of Alimony Payments After TCJA" - Take this quiz to learn about the changes made to alimony payments by the Tax Cuts and Jobs Act of 2017. Test your understanding of how alimony affects your taxes, including who reports the payments and how they are taxed. Keywords: alimony payments, tax return, payer, recipient, deductible, taxable, Tax Cuts and Jobs Act.
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