Loss of Alimony Tax Break in GOP Bill May Add to the Financial Pain of Divorce

Congress recently passed the Tax Cuts and Jobs Act.  A provision in the Act will change the long standing tax treatment of alimony. In the past, alimony has been taxable to the recipient and tax-deductible to the payer. Starting in 2019, the recipient will pay no taxes, and the payer will not be able to […]