 That's what this alimony is going to be. We had a married couple, they break apart is the general idea or process that could happen in a divorce or something like that. And then there's going to be an agreement, possibly payments going from one spouse to the other because when they were married as one entity, the typical family structure would be that one of the spouses would be doing less work in earning and taking care of the home while the other one would be earning. The idea then would be when they break up the person. First, a word from our sponsor. Yeah, actually, we're sponsoring ourselves on this one because apparently the merchandisers, they don't want to be seen with us. But, but that's okay, whatever, because our merchandise is better than their stupid stuff anyways. Like our accounting rocks product line. If you're not crunching cords using Excel, you're doing it wrong. A must have product because the fact as everyone knows of accounting being one of the highest forms of artistic expression means accountants have a requirement, the obligation, a duty to share the tools necessary to properly channel the creative muse and the muse, she rarely speaks more clearly than through the beautiful symmetry of spreadsheets. So get the shirt because the creative muse, she could use a new pair of shoes. If you would like a commercial free experience, consider subscribing to our website at accountinginstruction.com or accountinginstruction.thinkific.com that was not increasing their career during that time because they were sacrificing the time to take care of the home should be entitled to payments because they help build and support the career of the other person, and therefore you should have alimony payments. Now, they've classically have broken out payments between alimony payments and child support payments, which for taxes was a huge deal because the child support payments were considered non taxable, meaning they weren't deducted for the one paying it, and they weren't taxable to the one receiving it, whereas the alimony payments were deductible for the spouse paying it, and therefore includeable, you had to include it in income for the one receiving it. So under the old structure, you could make the argument that it was favorable to the payer of the alimony because they got to deduct the alimony and the recipient had to include the alimony as income, which could possibly increase their income taxes. Now, in reality, I don't think the change is really favorable either way, as long as they don't put it in place retroactively, meaning change the deal on the contracts that have been made in the past, because it's just going to simplify the negotiation. So you would think contracts in the future would not have to get into the weeds of taxes to try to split out the payments, which are going to be child support or alimony, and they can just reflect what was the tax benefit in the past, and the new deal going forward. So I think it's possibly a good change, but they couldn't make the change to the deals that had already been made, because they already made the deals under the old law. And so it's only going to go in a certain timeframe going forward. So the basic idea is in the current timeframe, if it's a more recent divorce situation, we don't have as much of a difference between alimony and child support, and we just don't have to put it on the taxes, which is good, generally, because we don't want to be combing through divorce agreements to try to figure out how they worded things to see if it's child support or alimony. And then if it's prior to that date, then we could still have the legacy agreements that were put in place before the changes to the law. Okay, so if your divorce or separation agreement was executed after December 31, 2018, alimony payments are no longer deductible for the payer, nor are they considered taxable income for the recipient. So this marks a significant shift from the previous tax law, where alimony payments were deductible by the payer.