Divorce Penalty? Tax Reform Could Shrink Alimony For Ex-Spouses In South Dakota

 

Alimony payments mandated by South Dakota divorce agreements could lose their beneficial tax treatment.

 

The Tax Cuts and Jobs Act, unveiled on Thursday, would change the tax treatment of alimony. Alimony, also known as spousal support, is often part of divorce agreements when there's a big discrepancy in earnings between the two parties and the marriage has endured for more than a few years.

 

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