Call Kristen Prata Browde: 914 266-9222

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New Year, New Spousal Support Tax Effects

One of the provisions of the 2018 Tax Law makes a big difference to many people who are getting a divorce, particularly those who anticipate paying spousal support, also known as maintenance or alimony. Under the new tax law, if your settlement agreement or Judgment of Divorce containing a provision for spousal support is signed after Dec. 31, 2018 the spousal support/maintenance/alimony will not be tax deductible to the payor.

This change does NOT change the deductibility of any previous agreement or court order; if your settlement agreement or Order is dated on Dec. 31, 2018 or prior the payments will still be deductible even after the new law takes effect.

If you have questions about spousal support in New York or have any other issue regarding a divorce or Family Law matter you’d like to discuss, please feel free to contact us at our new number: 914-266-9222.



Call Kristen Prata Browde: 914 266-9222