Tag: 2018
How the New Tax Laws from 2017 – 2018 Affect Single Fathers and What You Should Do About It
February 23, 2018 Leave a comment
As we mentioned a couple of weeks ago, the new tax law passed in 2017, and effective in 2018, has serious impacts for single fathers. The most glaring of these impacts – which also seems to be the least covered – is that it it completely does away with the deduction for spousal support (also known as ‘alimony’ or ‘maintenance’). Here’s what you should do to deal with this.