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Tax overhaul may mean more acrimonious divorce negotiations
Published in 5-12-2018
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NEW YORK - President Donald Trump's tax law could make divorce an even more miserable experience, according to a new survey of the nation's top matrimonial attorneys. Almost two-thirds of respondents said they expect divorce negotiations to become more acrimonious following a change to the tax treatment of alimony, a poll by the American Academy of Matrimonial Lawyers showed. The new law includes a provision that scraps the tax break divorcees get for paying alimony - starting for divorces finalized next year. Battles will ensue since alimony payers will have less of a tax incentive to be generous to their former spouses.
Reference: www.chron.com