Tag Archives: Taxes on Alimony

Changes are Coming to How Alimony is Taxed – What You Should Know

You have probably heard that a new tax code is coming our way. What you might not have heard is how it will affect all new alimony orders entered after it takes effect. In short, here is what will change for divorcing couples: alimony payments will no longer be tax-deductible for paying spouses, and… Read More »