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Tax: UK/US/UAE/KSA/EU · US Federal Income Tax · Card 033/033 easy

A couple's divorce is finalized in 2025 under a divorce agreement executed that year, which requires one former spouse to make monthly alimony payments to the other. Under IRC Sections 71 and 215 as amended by the Tax Cuts and Jobs Act, how are these payments treated for federal income tax purposes?

  1. The paying spouse may not deduct the payments, and the receiving spouse does not include them in gross income, because the deduction and inclusion rules that previously applied to alimony were repealed for any divorce or separation instrument executed after December 31, 2018
  2. The paying spouse may deduct the payments above the line, and the receiving spouse must include them in gross income, because the pre-TCJA alimony rules continue to apply to any agreement finalized before 2026
  3. The payments are deductible by the paying spouse only if the receiving spouse agrees in writing to report them as income, making the tax treatment elective by mutual agreement of the former spouses
  4. The payments are partially deductible by the paying spouse and partially includible by the receiving spouse, split evenly, under a transition rule that applies to agreements executed between 2019 and 2025
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