Alimony Payments for Post-2018 Divorces Are No Longer Deductible

Ryan Hart | March 22, 2019

What does the Tax Cuts and Jobs Act have to do with divorces and alimony payments? It turns out—a lot. In fact, the new law eliminates tax deductions for alimony payments related to post 2018 divorce agreements. Alimony for divorces pre-2019 that met the tax-law definition if alimony will continue to be deductible. Read more. Read More

IRS Guidance Clarifies Elimination of the Qualified Transportation Fringe Benefit Deduction

Ryan Hart | March 11, 2019

The Tax Cuts and Jobs Act of 2017 affected businesses and employees in any number of ways, and parking expenses were no exception. Before the close of 2018, the IRS issued highly anticipated guidance that will help determine the amount of qualified parking expenses that are subject to disallowance or inclusion in income. Read more. Read More