Lois Kulinsky & Associates, Ltd.
Contact Us Today For a Free Consultation
View Our Practice Areas

Changes in way alimony is taxed coming in 2019

A new law affecting many couples getting divorced in Illinois and all around the nation will go into effect on Jan. 1, 2019. The law addresses how alimony will be taxed for both the payer and the recipient. The current law has been in place for 75 years, making the upcoming changes in the Tax Cuts and Jobs Act rather significant to those involved.

Currently, someone paying alimony is able to deduct the amount from his or her taxable income. Also, those receiving the payments must pay taxes on them at this time. However, this will be reversed for those divorces that become final in 2019 and after. Many matrimonial lawyers believe that this change will make divorce settlements more contentious in the future. A survey conducted by an association of marital law attorneys showed that 95 percent of them predict that the new law will change the divorce settlement process.

If a divorce is finalized before Dec. 31, 2018, it will be grandfathered into the current law. Some couples are making attempts to accomplish this, if possible. There is a belief among experts that alimony payments will not be as high going forward since the tax deduction will be eliminated.

Alimony is just one of the many issues that must be resolved when an Illinois couple decides to get a divorce. To ensure that one's interests are protected in the deliberations, it is imperative to seek the guidance of an experienced divorce attorney. A knowledgeable lawyer will work with clients to seek the most favorable outcome possible in the divorce proceedings.

No Comments

Leave a comment
Comment Information
  • The Chicago Bar Association
  • Lake County Bar Association | 1912
  • 10 Best | 2015 - 2019 | Attorney Client Satisfaction | American Institute of Family Law Attorneys
  • Illinois State Bar Association
  • DBR | Chamber of Commerce | Deerfield | Bannockburn | Riverwoods

Tell Us About Your Experience

Review Us
Email Our Attorneys

Contact The Firm

Bold labels are required.

Contact Information

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.


Privacy Policy

Wheeling Office
395 East Dundee Road, Suite 200
Wheeling, IL 60090

Phone: 847-459-4448
Fax: 847-459-8548
Map & Directions

Libertyville Office
611 S. Milwaukee Avenue, Suite 4
Libertyville, IL 60048

Phone: 847-281-0200
Map & Directions

Buffalo Grove Office
355 W Dundee Rd
Suite 100
Buffalo Grove, IL 60089

Phone: 847-459-4448
Map & Directions