Comment

In Which Holocaust Denier Chuck C. Johnson Stalks Rep. Maxine Waters on a Plane, and Is Applauded by Her Opponent, Omar Navarro

329
Dr Lizardo12/16/2017 9:50:41 am PST

Looks like the GOP tax bill eliminates the deduction for alimony payments.

Breaking up is hard to do. But the GOP tax bill could make it even harder, divorce lawyers say.

The final version of the tax plan, which was released Friday and is set for votes next week, eliminates the tax deduction for alimony payments. Divorce lawyers say this move could make ending marriages an even more drawn-out and expensive process, and the change could be particularly painful for lower-income couples.

Alimony payments, typically codified in the terms of a divorce settlement, are separate from child support. They are the payments that someone gives to an ex-spouse who earns less money.

If the tax bill becomes law, the alimony deduction repeal would affect divorces carried out after December 31, 2018. The new rule wouldn’t affect anyone already paying alimony.

But it’ll mean big changes for divorce proceedings in the years ahead.

msn.com