TaxAudit Blog

Tag: divorce

House with money background

You asked whether the mortgage payments that your ex paid on the house you received in the divorce are taxable. This answer depends on your specific situation.

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1040 tax return with green pen laying on it

From a tax standpoint, a relationship that is established by marriage, such as your relationship with your mother-in-law, does not end with divorce.

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Wedding cake split with the groom on one side and the bride on the other

Some people can, and some people can’t. It depends on the date your divorce was finalized whether you fall under the new TCJA tax law.

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Alimony spelled out with blocks with a stack of money next to it

Divorces finalized after 1/1/19 no longer required the spouse receiving alimony to report the income, and in turn, did away with the deduction for the payer.  

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