Tuesday, April 17, 2018

Alimony breaks from tradition as new tax laws take effect 2019

"This has some important tax ramifications for both parties to the divorce. Where the payer used to receive a tax deduction, they will not, starting in 2019. Where the recipient/payee used to have taxable income in the amount of the alimony payment, the money received will now be tax-free. This change ...

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