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To amend the Internal Revenue Code of 1986 to make alimony deductible.
12/15/2023, 3:56 PM
Summary of Bill HR 2634
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.
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.
Congressional Summary of HR 2634
This bill restores the tax deduction for alimony payments.
Read the Full Bill
Current Status of Bill HR 2634
Bill HR 2634 is currently in the status of Bill Introduced since April 26, 2023. Bill HR 2634 was introduced during Congress 118 and was introduced to the House on April 17, 2023. Bill HR 2634's most recent activity was Sponsor introductory remarks on measure. (CR H2044) as of April 26, 2023
Bipartisan Support of Bill HR 2634
Total Number of Sponsors
1Democrat Sponsors
0Republican Sponsors
1Unaffiliated Sponsors
0Total Number of Cosponsors
0Democrat Cosponsors
0Republican Cosponsors
0Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill HR 2634
Primary Policy Focus
TaxationAlternate Title(s) of Bill HR 2634
To amend the Internal Revenue Code of 1986 to make alimony deductible.
To amend the Internal Revenue Code of 1986 to make alimony deductible.
Comments
Sponsors and Cosponsors of HR 2634
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