BEGINNING JANUARY 1, 2019 ALIMONY PAYMENTS ARE NOT DEDUCTIBLE
One of the biggest changes for divorce clients as a result of the Tax Cuts and Jobs Act of 2017 (the “TCJA”) is the elimination of the deduction for payments of “alimony” starting January 1, 2019. The deduction for alimony payments originally came into law more than 75 years ago with the passage [...]