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Posted in Tax Matters Child Support / Spousal Support The Law

The New Tax Law Does Away with Alimony, Spousal Support Deduction

With very little fanfare, the new tax law that was passed at the very end of December, 2017, and which is effective in 2018, did away with the requirement that spousal support (previously known as alimony) receivers declare spousal support as income and, on the other side of the balance sheet, did away with the deduction for spousal support payers.