Divorcing couples may not agree on much, but this holiday season, many are working with a common goal: untie the knot before the new year to take advantage of the disappearing federal tax deduction for alimony payments. The alimony deduction, which creates billions of dollars in tax savings each...

Topics:  year   alimony   tax deduction   
BING NEWS:
  • The Two-Income-Tax Trap
    Our federal code benefits couples with a sole breadwinner but penalizes marriage for dual-earner couples with kids.
    04/15/2024 - 4:34 am | View Link
  • Jill On Money: What to do with your tax refund
    To make sure that you don’t repeat the refund next year, go to IRS.gov and use the withholding estimator tool and then adjust your withholding at your employer, or, if you are self-employed, consider ...
    04/12/2024 - 5:44 pm | View Link
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