Robert G. Smith, PLLC
212-499-0940

April 2019 Archives

Some couples using trusts to get around alimony tax changes

At the beginning of this year, major changes to the federal tax code took effect, including one that greatly impacts the tax implications for alimony. Prior to 2019, the law allowed alimony payers to take a tax deduction on their payments while alimony receivers were required to claim the payments as taxable income. Now, neither side is allowed to deduct or required to claim.

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Robert G. Smith, PLLC
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Phone: 212-499-0940
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