Let's start with alimony payments. First the code strikes alimony and maintenance as taxable income.
#mepolitics
This will also likely increase divorce costs, force more cases to trial, & increase toxic co-parenting relationships.
#mepolitics
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This places a drain on social services, & leaves children often in the care of someone who has no feasible workforce transition.
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Sec. 1308 Repeal of medical expense deduction. This one is too much to unpack on twitter, but really, REALLY?
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Sec 1310 Repeal of deduction for moving expenses. Have to relocate for work? No write off for you.
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If your company requires you to move or there is no work where you live, you must bear the costs of those moves, no tax relief.
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Sec 1306 Charitable Contributions...if government won't step up, you have new limits on how much you can & deduct.
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Sec 1304 - have a loss from fire, storm, shipwreck, or other casualty, or from theft, too bad.
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End of conversation
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