Free 2018 Tax Planning2019-01-05T15:05:52+00:00

Free 2018 Tax Planning

Alimony

The new law eliminates the deduction for alimony payments. Also, recipients no longer have to include them in taxable income. This is true for payments required under divorce or separation instruments that are executed after Dec. 31, 2018,
If you are in divorce proceedings and want deductible alimony treatment, the 2018 tax reform gives you a reason to get your divorce agreement wrapped up and signed by 12/31/18.