• Skip to primary navigation
  • Skip to main content
  • Skip to footer
 847-495-6000
  • Facebook
  • LinkedIn
  • Twitter
Libertyville Divorce Lawyer, Lake County

Libertyville Divorce Lawyer, Lake County

Former Assistant Attorney General

  • Home
  • About Us
  • Attorney
    • Ronald L. Bell
    • Ronald L. Bell Media
  • Practice Areas
    • Family Law
      • Divorce
        • Uncontested Divorce
        • Same-Sex Marriage & Family Law
      • Child Support
      • Spousal Maintenance
      • Post-Decree Modification
      • Domestic Violence
      • Prenuptial Agreements
      • Child Custody & Visitation
        • Child Removal
      • Marital Asset Division
        • Non-Marital Property
        • Divorce with a Business
        • Disputes Over Personal Injury Proceeds
        • Division of Retirement Accounts
      • The Divorce Process
    • Personal Injury
      • Personal Injury Information Center
      • Truck Accidents
      • Pedestrian & Bicycle Accidents
      • Motor Vehicle Accident
      • Car & Motorcycle Accidents
    • Drug & DUI Defense
      • DUI
      • Drug Possession
      • Domestic Battery
    • Medical Malpractice
      • Failure to Diagnose Cancer
      • Birth Injuries
    • Business Law & Litigation
  • Reviews
    • Case Precedents
    • Photo Gallery
  • Forms
  • Blog
  • Contact Us

Tax Deductions for Alimony Payments Disappear Under New Law

You are here: Home / Spousal Maintenance / Tax Deductions for Alimony Payments Disappear Under New Law

December 21, 2017 by Law Offices of Ronald L. Bell

Illinois Spousal MaintenanceNew tax laws are about to change the way alimony/spousal support are taxed, ratcheting up the cost to payers. Current law surrounding spousal support payments dictate that these payments are tax deductible for the individual required to pay, and taxable to the recipient.

However, under the new tax plan, effective December 31, 2018, spousal support payments will no longer be tax deductible and the recipient of spousal payments will no longer have to pay additional income tax for payments received. Court ordered spousal support effective prior to December 31, 2018 may also be effected because it is modifiable.

As the tax burden by the payer spouse increases and the tax drag on the recipient spouse decreases, spousal support arrangements will likely be more contentious moving forward.

It is important for couples and their attorneys to consider the new tax treatment when drafting prenuptial or post-nuptial agreements and when considering the terms of a property settlement agreement.

Attorney Ronald L. Bell has decades of experience in complex business and family law matters. If you have questions regarding Illinois spousal maintenance or tax deductions for alimony, contact the Libertyville (IL) Law Offices of Ronald L. Bell & Associates for more information today at 847-495-6000.

Category iconSpousal Maintenance Tag iconIllinois spousal maintenance lawyer,  Tax Deductions for Alimony Payments

Footer

Child Support Calculator

Calculate Support

Expertise Badge 2021

Search

Ron Bell wrote the book on Divorce in Illinois. Click here for free copy.

Divorce Book Available on Amazon

Ronald L. Bell & Associates P.C

Divorce Attorney

1113 S. Milwaukee Ave. Suite 204
Libertyville, IL 60048
Phone:  847-495-6000
Emergency Phone:  847-702-7502
Fax: 847-495-6001

Directions

Ronald L. Bell & Associates P.C. represents clients in Libertyville and throughout Northern Illinois, in areas including Chicago, Naperville, Vernon Hills, Gurnee, Barrington, Buffalo Grove, Deerfield, Fox Lake, Grayslake, Highland Park, Bannockburn, Lake Bluff, Lake Forest, Lake Villa, Lake Zurich, Lincolnshire, Lindenhurst, Mundelein, Waukegan, Zion, Crystal Lake, River Woods, Deer Park, Round Lake, Palatine, Rolling Meadows, Inverness, Prospect Heights, Arlington Heights, Schaumburg, Lake County, Cook County, McHenry County, Dupage County and Kane County.

© 2023 · Ronald L. Bell & Associates P.C. All rights reserved · Disclaimer · Privacy Policy · Sitemap · Return to top

 

Loading Comments...