Tax,
Family
Jul. 16, 2018
Lawyers prepare clients for alimony tax changes
A change under the new tax law is reshaping how spousal support is allocated, likely having the largest impact on alimony recipients and spouses in widely different tax brackets.
A change under the new tax law is reshaping how spousal support is allocated, likely having the largest impact on alimony recipients and spouses in widely different tax brackets.
The tax code will eliminate tax deductions on alimony payments for agreements signed after Dec. 31, 2018. Some divorce lawyers have already begun preparing for the changes.
“It’s going to look very different after Jan. 1,...
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