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

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“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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