Alimony Then and Now: Adjusting to the Tax Changes for 2019

4.71 (7 votes)

Any divorce or separation instrument executed after December 31, 2018 will be treated very differently from a tax perspective than it would have been if it were finalized on or before that date. The main difference is that alimony will no longer be tax deductible to the payor and will no longer be included as income for the person receiving the payments. This change will make after-divorce cash flow planning even more important.

Deb Johnson

ChFC, CDFA®

Deb has been involved in the financial services industry in an advisory capacity for over 20 years. She received her designation as a Chartered Financial Consultant (ChFC) from the American College in Bryn Mawr, Pennsylvania. Deb is the founding member of the Divorce Resource Centre of Colorado, Inc. She is well known for her work in the area of divorce financial planning and analysis, as well as her pioneering work in the area of Collaborative Divorce. She is also a settlement consultant and works in divorce among special needs families.

Michael Philipp

CPA, CVA, CDFA®, CMCA

Michael is the founder of Valuation Consulting Group LLC, a Colorado Public Accounting firm that specializes in business valuations and litigation support services in Grand Junction, Colorado. He is a member of the American Institute of Certified Public Accountants, the Colorado Society of CPAs, the National Association of Certified Valuators and Analysts, and the Institute of Divorce Financial Analysts.