Tag Archives: tax cut and jobs act

The New Tax Laws and Spousal Support

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The Tax Cut and Jobs Act passed in December 2017 is changing the tax rules around spousal support. Currently, if you pay spousal support, it is an “above the line” tax deduction. Meaning the total amount of the spousal support payment comes right off the top of your income and you don’t pay taxes on it. For example, if you… Read More