Divorce can be simple or it can be messy. For some, it's become a little more urgent. The $1.5-trillion tax overhaul includes the end of a 75-year-old deduction on alimony payments, to kick in at the ...

Taxes are already complicated enough without adding divorce or dependents to the mix. But if you’ve been making or receiving alimony or child support payments, you need to know how those payments ...

Editor’s Note: The 2017 Tax Act eliminated the deduction for alimony for tax years beginning after 2018, and provides that alimony and separate maintenance payments are no longer included in income of ...

Q Can you deduct alimony payments? A Alimony is an amount paid to a spouse or former spouse under a divorce or separation agreement, and does not include child support payments or property settlement ...

Congress' giant tax overhaul is poised to reach virtually every corner of American life — even Splitsville. President Donald Trump signed Congress' giant tax overhaul on Friday, including a provision ...

As tax season nears, stay updated on changes that could impact your filings. Changes in marital status, alimony, and child support payments significantly impact tax liabilities. Alimony has distinct ...

Editor’s Note: The tax treatment of alimony was fundamentally altered by the 2017 tax reform legislation. For tax years beginning after 2018, alimony payments are not deductible by the payor spouse ...

Alimony, also known as spousal support or maintenance, is governed by the Hindu Marriage Act, 1955, and involves payments made by a husband to his ex-wife post-divorce. Divorce often brings emotional ...

As 2019 begins, the big news in divorce is implementation of the Tax Cuts and Jobs Act of 2017 ("Trump Tax”) and its key provision that changes the way alimony has been taxed for decades. Under old ...