Monica Mazzei comments in Newsweek’s “Trump’s Tax Law Pushing People To Divorce Faster To Save Money”December 2018
President Donald Trump’s tax law is pushing unhappy couples to finalize their divorces by the end of the year in a bid to save money.
The 2017 tax cuts put through by Republicans have eliminated the deduction for alimony for divorce agreements signed after December 31 of this year, The Hill reported on Sunday. As a result, many people have realized that their tax savings will be significantly less if they finalize their agreements in the new year
Financial planners and divorce attorneys told the Washington, D.C. newspaper that they have been rushing to get clients’ agreements finalized by the end of 2018…