Category Archives: Alimony

Spousal Maintenance (Alimony) will no longer be deductible under Trump Tax Plan

Chicago Divorce and Alimony under new Trump Laws

Current tax law states that alimony (spousal maintenance) paid pursuant to a divorce judgment can be deductible to the person who pays and then is taxable to the person who receives it?  Why is this important?  The payor of alimony is usually in a higher tax bracket that the payee.  Thus, if the payor is […]