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Divorce and Tax: These Rules Are Changing After December 31, 2018

If you or someone you know may be planning to divorce, there’s an important change ahead affecting how divorce and alimony payments will be taxed. Under the new Tax Act, and for divorce agreements signed after December 31, 2018, alimony will no longer be tax deductible to the payor nor taxable to the recipient (currently, […]

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