By Appelhof, Pfeifer & Hart, P.A. | Published February 12, 2019 | Posted in Alimony, Divorce | Tagged Tags: alimony, divorce tax implications, tax deductible | Comments Off on New Tax Laws for Alimony Now Officially in Effect
Now that the calendar has officially turned to 2019, the Tax Cuts and Jobs Act of 2017 is in full effect. One of the more noteworthy items within the legislation was how it changed how alimony has been taxed for many years. Under the old laws, which apply to any divorce agreements made on or Read More
Read MoreAlimony payments are usually tax deductible for the person making the payments and are considered taxable income for the person receiving it, so it is extremely important to keep close, detailed records whether you are paying or receiving it. It is common for spouses to dispute the amounts of alimony that were paid, or for Read More
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