To amend the Internal Revenue Code of 1986 to make alimony deductible.

Bill 118 hr 2634, also known as the Alimony Deductibility Act, aims to amend the Internal Revenue Code of 1986 to allow for alimony payments to be tax deductible. Currently, alimony payments are not deductible for the paying spouse and not considered taxable income for the receiving spouse. This bill seeks to change that by allowing the paying spouse to deduct alimony payments from their taxable income, providing some financial relief for individuals going through a divorce.

The bill is designed to provide a fairer tax treatment for individuals who are paying alimony, as it can be a significant financial burden. By making alimony deductible, it may incentivize more individuals to agree to alimony payments during divorce proceedings, as it can help alleviate some of the financial strain.

Overall, the Alimony Deductibility Act aims to provide a more equitable tax treatment for individuals involved in divorce proceedings and may help alleviate some of the financial burden associated with alimony payments.