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Apr 3, 2025By deducting the amount of alimony given to an ex-spouse, the alimony deduction lets taxpayers lower their taxable income. Understanding the qualifying requirements and how recent modifications—especially from the Tax Cuts and Jobs Act (TCJA)—affect this deduction for divorces completed after 2018 is therefore vital. Alimony is? Alimony is a payment of financial support from […]
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