Alimony payments are tax deductible if the divorce is finalized before the tax deadline. There are then seven requirements that alimony payments must meet to be tax deductible.
The divorced couple must be living separately.
The divorced couple can’t file joint tax returns.
Specify that the payments are alimony as opposed to an addition to child support or property division.
Payments must be made by cash or check.
Follow the order and signify that your payments are tax deductible where applicable.
Specify the term of the support payments.
Don’t front load alimony payments during the first three years of divorce.