By Appelhof, Pfeifer & Hart, P.A. | Published April 26, 2018 | Posted in Divorce | Tagged Tags: divorce tax implications, Tax Cuts and Jobs Act, tax reform, taxes after divorce | Comments Off on New Tax Law Could Add Some Complexities to Divorce
Divorce attorneys across the country believe the Tax Cuts and Jobs Act, more commonly known as “tax reform,” could make divorce even more stressful for American couples. One stipulation of the legislation is that, starting in 2019, higher-income individuals will no longer be able to deduct spousal maintenance (sometimes referred to as alimony) payments, while Read More
Read MoreWhile dealing with your divorce, tax season might seem like an unpleasant, unrelated matter. However, your divorce terms can have a substantial effect on the taxes you owe in the year you divorce and in subsequent years. Keep in mind these tax implications when negotiating terms of your divorce settlement: Court-ordered spousal support — The Read More
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