Investment News – GOP tax plan creates surprise divorce penalty

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Apparently, nobody saw this one coming. The recently unveiled Republican tax plan would eliminate the current deduction for alimony, potentially changing the calculus of future divorce settlements.

Currently, ex-spouses who pay alimony or similar spousal maintenance agreements can deduct the expense from their federal income taxes and ex-spouses who receive the payments must claim it as taxable income.

Click here to read the rest of the story and to see what Malcolm Taub has to say.

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