Monday, January 22, 2018

Tax Law Brings Big Tax Changes For Alimony Payers

Under new tax reform, alimony payments for a divorce executed after Dec. 31 of this year will no longer be included in the taxable income of the recipient – and, perhaps more important, will no longer be deductible by the payer. Currently, a higher-earning ex-spouse who pays alimony to a lower-income ...

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