Saturday, December 23, 2017

How divorce will get more expensive under new Republican tax plan as alimony will no longer be tax-deductible

The Daily Mail reports:
In any divorce commenced after December 31, 2018, the spouse paying alimony can't deduct it, and the spouse receiving the money no longer has to pay taxes on it. Now, it's the opposite.

For you rookies out there... just a reminder.