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.
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Angelo, great information to share here in Rain, thanks!
Jan 16, 2018 03:23 PM
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