Tax Cuts and Jobs Act (TCJA) Ends Alimony Deductions after 2018

As if negotiating divorce settlements was not complex (and contentious) enough, the process is about to get even more complicated, thanks to a major overhaul of the tax code regarding alimony. Under the Tax Cuts and Jobs Act (TCJA), which goes into effect January 1, 2019, sweeping changes are set to upend 75 years’ worth of established rules regarding alimony — namely, that it…

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