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Alimony Payments Under the New Tax Law

Alimony Payments Under the New Tax Law

by Tiffany Mellow | Jun 13, 2018 | Personal Accounting

For any divorce decree that becomes final after 12/31/18, the alimony payments will no longer be deductible by the payor or taxed as income to the recipient. This only applies to new divorce decrees. Any alimony arrangement that exists prior to 2019 will be...
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