Similar Stories to Get Divorced Before The New Year Or Lose Alimony Tax Deduction For As Long As You Both Shall Live on Bing News

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:
  • Here's Why Claiming a Charitable Giving Tax Deduction Could Really Hurt You
    Your donations can help people in need all year round. And they could benefit you when it's time to file your taxes-- but this isn't a guarantee. There is a charitable donation tax deduction ... tax ...
    05/2/2024 - 9:24 am | View Link
  • Money Talk: IRS extends excise tax relief for missed RMDs
    Under the prior rules, non-spouse beneficiaries had to start taking required minimum distributions (RMDs) from inherited retirement accounts in the year ... tax deferral benefits of traditional, ...
    05/2/2024 - 4:09 am | View Link
  • Biden vows to let Trump-era tax cuts expire next year, meaning higher rates for many
    A 2017 tax overhaul passed by former President Donald Trump expires at the end of 2025, setting up a potential tax shock for millions of U.S. households.
    04/24/2024 - 11:00 pm | View Link
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