The Latest: GOP plan to cut alimony deduction gets House OK
Source: Associated Press
The Associated Press
Updated 1:49 pm, Thursday, November 16, 2017
The Latest on a House Republican plan to eliminate the tax deduction for alimony (all times local):
2:20 p.m.
A proposal to eliminate the tax deduction for alimony that has raised concerns among divorcees and women's advocates has been approved by the U.S. House as part of a sweeping Republican tax package.
The House approved the nearly $1.5 trillion package on Thursday. The plan to drop the alimony tax deduction remains in limbo, however, because it's not included in the Senate tax proposal that GOP leaders hope to pass early next month.
The proposal also calls for no longer taxing alimony recipients for the payments they receive. It would affect divorces finalized on or after Jan. 1.
Read more: http://www.chron.com/news/us/article/The-Latest-GOP-plan-to-cut-alimony-deduction-12363325.php
Angry Dragon
(36,693 posts)getagrip_already
(14,752 posts)even the house hasn't read it yet.
Angry Dragon
(36,693 posts)getagrip_already
(14,752 posts)sorry, couldn't resist.
In the past even republicans complained they didn't have enough time to read bills before voting on them. In many case, nobody but the committee releasing a bill knows everything in it. It's part of the plan....
The bill should be on the house web site.
Angry Dragon
(36,693 posts)BumRushDaShow
(129,020 posts)Angry Dragon
(36,693 posts)llmart
(15,540 posts)Why would eliminating the tax deduction that alimony payers receive raise concerns among divorcees? It's almost always the man that gets the deduction (they are almost always the payor) while the women are the ones who have to claim it as income and pay taxes on it?
Unless I'm missing something, that first sentence seems wrong. Later on it does say that the bill also calls for no longer taxing recipients which, as an alimony recipient, I would favor.
I have always felt like it was an unfair tax for women.
shawn703
(2,702 posts)It could end up in tougher divorce negotiations and smaller payments to recipients.