New Tax Law Could Mean Bad News for Divorcing Couples

Divorce Tax

The tax law overhaul signed by President Donald Trump put money back into the pockets of many Americans, but in any tax plan, there are winners and losers.

One area where Uncle Sam is taking away is alimony.

The statistics haven’t changed, as nearly half of all marriages end in divorce, and divorces could reach a record this year because of a change in the tax law taking effect next year. The new tax laws will change how it’s reported and how it’s deducted.

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