Massachusetts H1866 amends the tax status of alimony, affecting orders and agreements entered into or modified after January 1, 2019.
Massachusetts H1866 amends the tax status of alimony by modifying Section 53 of chapter 208 of the General Laws. The bill applies to alimony orders entered on or after January 1, 2019, or existing agreements modified on or after that date. It specifies that the amount of alimony should not exceed the recipient's need or a percentage of the difference between the parties' gross incomes, depending on whether the alimony is federally tax deductible.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.