Brandon and Judy divorce during the year and agree that Brandon will pay Judy $24,000 a year in alimony. Brandon will be able to reduce his income by $24,000, but Judy does not have to report any income since it was not earned..

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Under the Tax Cuts and Jobs Act of 2017, for divorce agreements executed after December 31, 2018, alimony payments are no longer deductible for the payer, and the recipient does not include them as taxable income.

Brandon and Judy Divorce During the Year and Agree That