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February 2018 Archives

How the new tax plan will impact divorce

Ever since the end of World War II, alimony has been tax deductible. Under the current federal deduction, alimony payers may pay as low as 60 cents on the dollar. Law makers have held a long-standing belief that this deduction was fair—that the government shouldn’t tax someone for money that was never available for them to spend in the first place.

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February 2018 Archives | Kalamazoo Family Law Blog