Alimony? Don’t Let Your Divorce Get ‘Trumped’

Divorce and alimony are a part of life, and there are recent changes to the law that could drastically effect your alimony payment. First of all, you may already know about how Trump’s Tax revisions classify alimony a heck-of-a-lot differently than how it has historically been classified. The tax implications can be pretty huge. However, you probably have not experienced the reclassification yet because the first year this is to take effect hasn’t happened yet. (Tax Year 2018) When it does, your payment may be ultimately a much bigger financial burden than anticipated.More