One of the potential changes baked into the tome of tax reform is changing the way in which alimony is taxed. Currently, alimony is a tax deduction to the spousing paying alimony and taxable to the recipient. The person paying alimony is typically in a higher tax bracket so this is a significant benefit to them. (These payments […]
Disclosure: Jamie Minster is not an attorney or accountant, nor does she provide legal advice. All the guidance and information provided is financial and should not be looked upon as legal or tax advice. Please consult an attorney or tax advisor about the laws in your location.
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