Tuesday, December 19, 2017

Alimony paid will no longer be deductible, and alimony received will no longer be taxable

War on Men!

Expect a big decrease in amicable divorces! Women will have a YUGE incentive to stick it to the man.

So expect even fewer men proposing marriage in the first place.

And you thought the Republicans were the pro-family party.

Not any more it isn't.

Reported here:

In the new bill, however, these payments are no longer deductible for the payor. Nor are the payments included in the recipient's gross income. Instead, the money used for alimony will be taxed at the payor's rates.

This provision is effective for divorce and separation agreements signed after December 31, 2018.