Friday, December 22, 2017

Divorce and taxes: How the tax overhaul will alter alimony

In any divorce commenced after Dec. 31, 2018, the spouse paying alimony can't deduct it, and the spouse receiving the money no longer has to pay taxes on it. Divorce lawyers say the current setup tends to preserve more money overall to allocate between spouses, helping them afford living separately.

via

Related Posts: