Reply to What was your alimony arrangement?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]SAHM
Married 24 years
$10,000 a month for ten years
$8,000 a month for five years
$5,000 a month for life
[b]This is tax free[/b][/quote]

I don’t understand how this is possible. Traditionally, alimony is deductible to the payer and taxable to the recipient. 
I don’t see the IRS allowing anyone to get $5k a month, essentially forever, tax free.

[/quote]
[b]The law changed last year. The payer now pays the taxes.[/quote]

Only for new divorces. Old ones alimony is still tax free[/b] [/quote]

PP. I forgot about the change in the tax law. Thanks for reminding me. 
To other poster above, I don’t think so. At least for me, I pay alimony and continue to deduct it. I list ex’s SS # as the payee and she claims it as income. We are NYS residents, if that matters. The good part, for me, is that due to my tax bracket my deduction is greater than her tax due. Thank god for small favors. [/quote]

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