February 2018 Archives

Tax Cuts And Jobs Act Of 2017 Impact On Divorce

The Tax Cuts and Jobs Act of 2017, or TCJA, signed into law by President Trump on December 22, 2017, has taken tax policy concerning family support in divorce back to the first half of the last century. The TCJA reversed seventy-five years of tax treatment of alimony. Alimony is a cash support payment made periodically for a specific duration and usually from income earned by one former spouse paid to another as a result of dissolution of their marriage (divorce) or legal separation.

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