/Tag:Spousal Support

How the 2017 Tax Law Affects Divorcing Couples

The new tax law has far reaching ramifications. Here are a few of the main ones that will impact divorcing couples. The tax treatment of California’s version of alimony, which we call Spousal Support, is changing dramatically. Right now, the spouse paying the spousal support is able to deduct it from his or her income, often significantly reducing taxes.

2020-06-23T14:05:02-07:00