Mon, 13 May 2024 11:07:17 -0700WeeblyMon, 14 Jan 2019 00:46:16 GMThttp://humphreysaccounting.com/blog/tax-deduction-loss-2019-alimonyAlimony has always been income to the recipient and a deduction to the obligator.  

No more.  All separation  or divorce decrees executed after December 31, 2018 - Alimony is no longer deductible to the obligator, therefore no longer taxable to the recipient.  

This new rule does not effect agreements executed prior to 12/31/2018.  
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]]>Fri, 28 Dec 2018 17:48:33 GMThttp://humphreysaccounting.com/blog/individual-mandate-included-in-obamacare-repealedThere is no longer a tax penalty for not obtaining health insurance..

Included in the tax reform bill that passed in late 2017 was a repeal of the individual mandate requiring that everyone must have health insurance by 2019 or be penalized on their tax return. 

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