Family Law, Divorce, Alimony, Child Support, New Law, US government laws, Law firm of Greene and Wilson, New Bern NC

New Tax Bill Just Erased Your Alimony Deduction

President Trump recently signed the giant tax overhaul that includes a provision scraping a 75-year-old tax deduction for alimony payments. Alimony payments, typically defined in the terms of a divorce settlement, are the payments someone gives to an ex-spouse who earns less money. Statistics vary, but The IRS says that approximately 600,000 Americans claimed an...
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