Form 1040 with Wedding Bands

Divorce On Your Mind? With The New Tax Law, Now Might Be The Time

If you have been thinking of getting divorced, the Republicans in Congress may have given you a reason to add divorce to your 2018 resolution list. Why? The new tax code eliminates the 75-year old alimony deduction. Without the deduction, negotiating a divorce settlement may become a lot more difficult and expensive. If you think you would be a payor or recipient of alimony, now is the time to speak to a divorce lawyer.

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