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Tax Deduction Loss 2019: Alimony

1/13/2019

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Alimony 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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Individual Mandate included in Obamacare Repealed!

12/28/2018

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There 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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    Cynthia Diehl - Accountant and CFO for 30 years.

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