Alimony After the 2017 Tax Act

On December 22, 2017, President Trump signed into law tax reform legislation (Pub. L. No. 115-97, the “Act”) that repeals the long-standing tax treatment of alimony payments as deductible to the paying spouse. What does this mean, and how could it affect your divorce? Well, generally speaking, effective January 1, 2019 a payor spouse will… continue reading »

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