2018 will be the last year alimony will be tax deductible. What’s to be done?
After months of uncertainty and differences between the House and Senate versions we now have a final decision on how the new tax law 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 for alimony prior to that date will