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Posts tagged "alimony"

Tax deductions on alimony payments: What you should know for 2019

In the past, divorced parties responsible for paying alimony to an ex-spouse had the ability to deduct such amounts from their federal income taxes. However, amid the significant tax bill signed into law in 2017, that rule is about to change. If you are paying or will pay spousal support, now is the time to pay attention.

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