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Divorce Mediation

Alimony Deduction Finished. What to Do?

hgoldstein@gbpclawyers.com After months of uncertainty and differences between the House and Senate versions of the proposed new tax law, we now have a final decision on how it will deal with alimony. The tax deduction for  alimony is unchanged until January 1, 2019. After that alimony will no longer be tax deductible. An agreement or judgment providing…