Tag Archives: Alimony Payments

How Alimony Payments May Change Under the Tax Cuts and Jobs Act

For divorced and divorcing taxpayers, alimony will be treated a different way beginning next year. As part of the larger tax overhaul last year, the Tax Cut and Jobs Act eliminated the ability of alimony-payers to deduct their support payments each year on their federal taxes. Instead, the person receiving the alimony payment will… Read More »