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Tax Law Changes May Affect Your Divorce

By Grayson Cannon

Tax Reform Act Becomes Effective 1/1/18 Major tax law changes will take effect on January 1st.  Here are a few things to know if you divorce during 2018 or thereafter: Major Changes to Alimony Deduction The most striking change in the new tax act for divorcing couples is on the deductibility of alimony.  Previously, alimony was usually deductible by the …