Family
Dec. 6, 2018
It’s the end of alimony as we know it
While most understand that the Tax Cuts and Jobs Act of 2017 has had a major impact on tax rates and deductions, it is important to note that it will have a significant effect on separating and divorcing spouses as of Jan. 1, 2019.
Peter M. Walzer
Partner
Walzer Melcher LLP
5941 Variel Avenue
Woodland Hills , CA 91367
Phone: (818) 591-3700
Fax: (818) 591-3774
Email: pmw@walzermelcher.com
Southwestern University SOL; Los Angeles CA
Pete is the founding partner of Walzer Melcher, a practice focused exclusively on family law with offices in Woodland Hills. He is immediate past president of the American Academy of Matrimonial Lawyers.
While most understand that the Tax Cuts and Jobs Act of 2017 has had a major impact on tax rates and deductions, it is important to note that it will have a significant effect on separating and divorcing spouses as of Jan. 1, 2019. The act repealed sections of the tax code which allowed for an above-the-line tax deduction for the spouse paying alimony and required the alimony recipient to declare it as income on his or her tax return. Until the start of the new year...
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