INSTRUCTIONS: Choose the word or phrase in [ ] which will correctly complete the statement. Select
-[Alimony | Child support] would be reported as taxable income.

Question

Quizplus · Accepted Answer

Alimony is considered taxable income for the recipient under the tax laws prior to the Tax Cuts and Jobs Act of 2017. However, for divorces finalized after December 31, 2018, alimony is no longer taxable income for the recipient. Child support is not considered taxable income.

INSTRUCTIONS: Choose the Word or Phrase in [ ] Which