Law Office of Daniel Jensen, P.C.

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How Will the New Tax Law Affect Alimony Payments?

President Donald Trump has signed the new tax law that was passed by Congress in late December. The tax overhaul will change how alimony payments are taxed. Under the new law, you would have to pay taxes on alimony payments if your divorce agreement is finalized after December 31, 2018. You can currently deduct alimony payments to your ex-spouse from your income taxes. They are tax deductible. On the other hand, your ex-spouse does have… Read More


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