The New Tax Law: Alimony
February 13, 2018
LAYWER: Madeline Marzano-Lesnevich, Esq – Alimony payments won’t be tax-deductible for divorce and separation agreements signed after 2018 under the new tax law, a development that is likely to affect the size of future settlements.
At the same time, future alimony recipients won’t have to report the payments as income. This means that the tax treatment of alimony will be similar to that of child support…