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The tax treatment of alimony, also known as spousal support, changed in 2019. You can’t deduct alimony you pay under a divorce or separation instrument signed on or after January 1, 2019. You can deduct alimony paid under a divorce or separation instrument signed before 2019, unless you and your spouse have subsequently agreed to make it non-deductible. Give us a call today at 908-810-1083. #shorthills #shorthillsnj #newjersey #nj #TaxReturns #EstateTaxes #IRS #taxseason #incometax #personalfina
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The tax treatment of alimony, also known as spousal support, changed in 2019. You can’t deduct alimony you pay under a divorce or separation instrument signed on or after January 1, 2019. You can deduct alimony paid under a divorce or separation instrument signed before 2019, unless you and your spouse have subsequently agreed to make it non-deductible. Give us a call today at 908-810-1083. #shorthills #shorthillsnj #newjersey #nj #TaxReturns #EstateTaxes #IRS #taxseason #incometax #personalfina
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