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Starting January 1, 2019 Alimony Tax Deduction is Eliminated!

On Behalf of | Jun 19, 2018 | Family Law |

I guess Congress persons do not pay alimony.  Part of the Tax Cuts and Jobs Act is that Internal Revenue Code §71 is now eliminated so any divorce alimony agreements made after December 31, 2018 will no longer result on a tax deduction for alimony paid.  The key is the divorce settlement or decree must be reduced to a judgment by December 31, 2018 to be deductible.  The spousal support software programs now will be re-programmed so the Alice in Wonderland meets quantum physics etc. showing that this reference in the famous case anti alimony software case of In re Marriage of Schulze (1997) 60 Cal.App. 4th 519 is still relevant!