Tax Reform and Spousal Support

The spousal support people pay is about to become a lot more expensive.  Presently a spousal support payor deducts the payments on their W2 and the payee must include them on theirs.  Under the proposed tax reform this income shift would go away.  This will lead to the type of substantial change in circumstance that allows courts to take a second look at existing orders.  Will every spousal support order in existence need to be modified?  To find out how this tax change will impact your particular case please call our firm.

 

Tax reform could shrink alimony for ex-spouses

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