- 12 Dec
Alimony and Tax ReformDon't be shellfish...
Currently, there is a lot of buzz and even more questions related to the new tax bill and how it impacts alimony.
As it stands now, the House Bill would revoke the alimony tax deduction from 2018 moving forward. To review the language please follow this link to pages 122-126: file:///C:/Users/Troy%20Legal/Google%20Drive/bill_text.pdf
The Senate bill does not however, repeal the tax deduction for alimony. If the tax reform bill passes, the two legislative branches must agree on how to handle alimony. Stay tuned…Don't be shellfish...