Thursday, February 8, 2018

Under the New Tax Law, Is My Alimony Tax-Free?

The new rule does not go into effect until 2019, and only for divorces executed or modified after 2018. For divorces after December 31, 2018, alimony payments are no longer deductible nor must the recipient declare the amount as taxable income. The law specifically permits ex-spouses to modify an ...

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