GOP Tax Bill Scraps Alimony Deductions

America's biggest tax law overhaul in more than 30 years contains a provision that some experts say is going to make divorce a more difficult process—especially for lower-income couples. The final version of the Republican tax plan removes the tax deduction for alimony payments, which are support payments generally made to an ex-spouse who earns less money, CNN reports.  

Since spouses receiving the payments were typically in a lower tax bracket, divorce lawyers tend to "use this tax deduction as a way to make a settlement go down easier—because there was more money in the pot to be able to split up," says divorce attorney Lisa Zeiderman.

Read the full story on Newser.com


More From Newser

Photo: Getty Images


Sponsored Content

Sponsored Content