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What the Repeal of the Alimony Tax Deduction Means for You
What the Repeal of the Alimony Tax Deduction Means for You

Effective this year, taxpayers who make alimony payments can no longer deduct them from the federal income taxes. However, taxpayers who receive alimony payments no longer have to report them as income for federal income tax purposes. This is a drastic change from how the ...

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