I knew about the alimony tax issue but didn't realize it would take effect so quickly!
Will it apply retroactively? My ex would be pi$$ed if he had to pay taxes on my last year of alimony (2018) and I didn't!
It's a rotten move because it shifts the tax burden to the higher tax bracket at exactly the time when both parties are facing higher expenses of two houses instead of one. And the payoff is quite small relative to the huge tax breaks for the ultra rich.
I can't imagine this part would pass, it would be WILDLY unpopular.
