Tax Reform Bill 2018 – Alimony Paying Spouses Take Another Hit
Tue 5 Jun, 2018 | General by Ben Sockle
Q. Why did Congress revoke the tax deduction for taxpayers who dutifully pay Spousal Support? A. To get more tax dollars. A little-discussed section of the tax reform bill passed by Congress and signed into law by President Trump last December changed the 75 year old tax code that allowed the person who pays alimony (spousal support) to deduct those payments from their gross taxable income, and required the person who receives the alimony …
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