MASSACHUSETTS ALIMONY & THE REFORM ACT OF 2011
The Massachusetts Alimony Reform Act of 2011 was signed into law on September 26, 2011. This alimony reform act has been described as a “sweeping overhaul” of the current Massachusetts spousal support laws. The new statute went into effect March 1, 2012. Below are some of the major changes under the new law:
TAX CUTS AND JOBS ACT OF 2017
The Tax Cuts and Jobs Act of 2017 significantly changed the federal tax implications of alimony. Commencing January 1, 2019, all new alimony orders are no longer tax deductible from the gross income of the payor or taxable income to the recipient on their federal income tax returns. As a result, most Massachusetts Judges are deviating from the current Massachusetts statutory guidelines of 30%-35%, which was entered back when alimony still had federal tax implications.
For more information, please contact Cunnally Law Group, LLC, Massachusetts Family Law attorneys and mediators, at (508) 346-3805.
CALL OUR TEAM TODAY
Cunnally Law Group, LLC can be reached at 508-346-3805.