Kristen Tarrin

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HOW THE TAX CUTS AND JOBS ACT AFFECTS WHEN OR IF TO FILE FOR DISSOLUTION OF MARRIAGE

For any dissolution of marriage (“divorce”) action finalized prior to December 31, 2018, spousal maintenance (also known as “alimony,” but that term is not used in Colorado), can be tax-deductible to the payor and taxable to the receiver.  “Can” is the operative word because the parties can agree to have the spousal maintenance non-taxable to …

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