Saturday, November 18, 2017
President Donald Trump knows first-hand that a divorce -- or in his case, two -- can be messy and expensive.
But if Republican lawmakers get their way, untying the knot could get even more costly for affluent Americans.
To help pay for sweeping tax cuts, the GOP’s “Tax Cuts and Jobs Act” includes a controversial provision that would scrap the break divorcees get for paying alimony. If section 1309 of the tax bill becomes law, financial planners and divorce lawyers say the result could hurt all but the uber-wealthy.
Read more here.