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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