Filing Taxes When Your Divorce Is Not Yet Final
As if getting divorced weren’t already difficult enough, there is the issue of taxes to think about. The end of your marriage also alters your relationship with the Internal Revenue Service, and this requires careful decision-making. Some of the tax choices can be made on your own, while others will require communicating with you soon-to-be… Read More »
New Tax Law Affects Deductibility of Alimony
The tax reform bill, which Republicans in Congress passed and President Donald Trump signed into law in December, will make matters slightly more difficult for some divorced people. Under the new law, individuals who pay alimony can no longer deduct those payments on their tax returns, and those who receive alimony payments will not have… Read More »