The Tax Cuts and Jobs Act is the first significant tax reform effort by Congress in more than 30 years, and it repeals the deduction for alimony (known in Arizona as “spousal maintenance”) and separate maintenance payments, starting in 2019. Tax professionals should learn about the new changes and account for them during 2018.
New Year, New Alimony Tax Rules”: Starting in 2019, alimony payments will no longer be deductible by the payor or included in the recipient’s taxable income
January 12, 2018 |
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