Showing posts with label tax deduction. Show all posts
Showing posts with label tax deduction. Show all posts

Monday, February 26, 2018

Elimination of tax deduction for alimony payment

 The new tax law eliminates a tax deduction for alimony payments. The new rules won't affect anyone who divorces or signs a separation agreement before 2019. Many divorce experts worry that the change will make negotiations tougher and lead to less spousal support as cash goes to taxes instead.