Congress’ giant tax overhaul is poised to reach virtually every corner of American life — even Splitsville.For you rookies out there in unhappy marriages... watch out....
Republicans delivered their sweeping plan Wednesday to an exultant President Donald Trump to sign. One provision scraps a 75-year-old tax deduction for alimony payments. The new rules won’t affect anyone who divorces or signs a separation agreement before 2019.
Many divorce experts worry that the change will make negotiations tougher and lead to less spousal support as cash goes to taxes instead. Congressional tax writers say it’s only fair to married couples.
Thursday, February 01, 2018
Here’s how the tax plan could change divorce in a big way
The New York Post reports: