Changes in the Spousal Support Tax Laws and What this could mean for you.

Since the enactment of the Tax Cuts and Jobs Act (“TCJA”) in December of 2017, substantial changes have been made to the application of Ohio’s spousal support that are important for families to consider when making the difficult choice to separate. 

First, it is important to note that TJCA applies to domestic relations matters (i.e., divorce and dissolution proceedings) that conclude on or after January 1, 2019.  Second, it is important to be aware that a person paying spousal support pursuant to an order that was issued on or after January 1, 2019 may no longer deduct that payment from their individual income taxes.  Similarly, and equally important to know, is that the TCJA no longer requires the receiving spouse to claim that income.  Finally, given the unique issues in every domestic relation matter it is important to know your options. 

Please give our office a call with any questions or to discuss your personal situation.

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