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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