Family,
Government,
Tax
Dec. 19, 2017
Divorced, divorcing couples have reason to fear proposed tax law
A little publicized provision in the proposed tax bill will dramatically affect many divorced or divorcing couples.
Jeffrey P. Blum
Law Office of Jeffrey P. BlumEmail: Blumesq@aol.com
Jeffrey is a mediator and family law attorney in Los Altos.
A little publicized provision in the proposed tax bill will dramatically affect many divorced or divorcing couples.
Previously, spousal support (i.e., alimony) was tax deductible by the paying spouse and taxable to the receiving spouse. Under the new law, this would no longer be the case. The law will apply to divorce or separation instruments executed after Dec. 31, 2018, or to any divorce or separation instrument executed on or be...
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