Tag: alimony tax

Will New Alimony Tax Rules Affect Your Retirement?

One of the lesser talked about changes from the Tax Cut and Jobs Act is how it will affect alimony. Starting in 2019, the big difference is that the person who makes the alimony payments will no longer get to

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How to Make Alimony Tax-Friendly

With the Tax Cut and Jobs Act (TCJA) in place, it’s out with old and in with new when it comes to alimony. For years, the spouse paying alimony could deduct those payments from his or her income. On the other

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