“Until tax deductions do us part” – A deeper look into how the new tax law will impact spousal maintenance
For years, spousal maintenance (alimony) has been calculated and negotiated knowing that spousal maintenance is deductible in the obligor’s income and is included in the recipient’s income for tax purposes. It made it an easier pill to swallow for high-income obligors who were able to deduct a large chunk of their income each year for…