Alimony is theft and should be banned.
How much is it?
If you lost SALT and got a $24,000 standard deduction, how would the math work out for you?
My alimony is $2,300 per month. Every month, or go to jail.
SALT runs $10-$12k
If I lose SALT AND alimony deduction, I’m soooo screwed.
And considering that ALL Spousal Support of any kind is viewed the same by the IRS, I am not the only one in this great nation that is totally, and completely...er...screwed.
“Jack the standard deduction up to $24,000 per individual.”
With mortgage interest, SALT and alimony I deducted over $45,000 last year when I itemized.
Some say I’m a very lucky man.
Others ask why I don’t just quit working and grow dope for cash.
And I’m honestly torn.