Asked by Alan  |  Submitted February 02, 2018

When do the new tax laws take effect that were just passed at the end of 2017?

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  Answers  |  1

February 05, 2018

For the most part, they go into effect for tax years beginning on or after January 1, 2018. One notable difference is that alimony paid or received under divorce settlement agreements dated on or after January 1, 2019 will not be deductible to the payer or taxable to the recipient. So, if you are planning on getting divorced, try to conclude everything is 2018.

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