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Alimony Archives

Some states may still allow tax deduction for alimony payments

The Tax Cuts and Jobs Act reportedly caused a flurry of activity in Maryland divorce courts and others around the county at the end of 2018. Among its many provisions, major changes were made to the way alimony was to be handled for federal income taxes beginning in 2019. Matrimonial lawyers stated that the change prompted many couples to finalize their divorces so that they would be grandfathered under the old law. While the new provision is now in place, some tax experts have suggested that individuals need to also take a look at how alimony is viewed for their state income tax purposes.

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