Sentences with phrase «alimony deduction repealed»

What's the big deal about the alimony deduction repeal and what does it mean for my pending divorce?

Not exact matches

Reading too fast, we thought repeal of the alimony deduction took effect in 2018, but this change in the law is delayed until 2019.

The repeal of the alimony tax deduction affects divorce settlements and court orders that are signed after Dec. 31, 2018.

Despite lobbying by the American Academy of Matrimonial Lawyers and the ABA Family Law Section, the reconciled bill still contains a repeal of the alimony tax deduction at Sec. 11051.

Perhaps the only consolation is that, if the bill is enacted, the repeal of the alimony tax deduction will not be effective until year - end 2018.

For weeks now, family lawyers have watched Congress wrestle with details of the Tax Cuts & Jobs Act of 2017, including the repeal of the alimony tax deduction first proposed by the House in November 2017.

With Congress acting quickly to pass tax reform, which may include repeal of the alimony tax deduction, family lawyers might need to know how to protect their clients» marital settlement agreements.

As part of the U.S. Congress» drive to reform the tax system, one issue that kept on arising was whether the alimony tax deduction would be repealed.

In addition, 62 % of the respondents feel that the changes in the tax plan offers a greater benefit to the payee in terms of spousal support and 59 % are finding that husbands are showing a greater sense of concern in regards to the repeal of the alimony deduction.