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spousal support Tag

GOP Tax Plan Eliminates Tax Deduction on Alimony (Spousal Support)

“On Wednesday, November 1, 2017, the House finally released their proposal for tax reform and one item on the list is to eliminate the deductibility of spousal maintenance/alimony for payors. This could have a significant impact on marital settlement agreements going forward and even require re-negotiation for divorces completed in 2017 based on the assumption that the maintenance already ordered would be tax deductible to payor.”  For the full article, please click here:  https://divorcefinancialtraining.com/gop-tax-plan-eliminates-tax-deduction-on-alimony/...

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