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Trump's new tax law proposal / alimony no longer deductible / No HOH filing status

  • 1.  Trump's new tax law proposal / alimony no longer deductible / No HOH filing status

    Posted 11-02-2017 05:32 PM
    <x-tab>        </x-tab>Without venturing into any other commentary on the great orange one... People need to be aware that if his tax proposal goes through, alimony will no longer be deductible to the payor nor income to the recipient. I cannot imagine the havoc this will cause. Can people reopen? Can this be stopped? I know there are members of Congress from New Jersey supporting the tax plan. I suggest making some noise and trying to stop this.
    <x-tab>        </x-tab>For more information on the elimination of alimony deductibility:  https://www.nmcpa.com/blog/deductions-eliminated-under-trumps-tax-reform-proposal/42502

    Additionally, his tax plan eliminates the "Head of Household" filing status, meaning that taxes for 51% of single parents will greatly increase. Can this be stopped? I know there are members of Congress from New Jersey supporting the tax plan. I suggest making some noise and trying to stop this.
    <x-tab>        </x-tab>For more information on the elimination of Head of Household status: http://www.politifact.com/truth-o-meter/statements/2016/nov/06/hillary-clinton/would-51-single-parents-see-taxes-rise-under-donal/


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