2018 tax law changes - divorce

Mortgage and Lending with First Centennial Mortgage NMLS # 132763

Alimony payments will no longer be deducted from/added to taxable income for divorces dated after December 2018.  What does this mean?  Depending on if you are paying or receiving the alimony payment, the impact is to increase the cost of the payout and increase the benefit being received.  Divorce attorneys should be aware of this change and negotiate accordingly.  

Comments (1)

Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Angelo, great information to share here in Rain, thanks! 

Jan 16, 2018 03:23 PM