The Trump tax bill, known as the Tax Cuts and Jobs Act, enacts some tax law changes for the 2018 tax year. Those changes include changes to alimony. Alimony is no longer deductible by the person paying the alimony and is now tax free for the recipient of the alimony.
If you need tax assistance, contact our law office at 816-524-4949 or visit our website at Hoorfarlaw.com.