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Timing your divorce – how the new tax laws could affect you.

Timing your divorce – how the new tax laws could affect you.

| April 24, 2018

If you’re considering a divorce or already in the process, the new tax laws on spousal support effective in 2019 should be considered when thinking about the date the proceedings will be completed.

The following article New Tax Laws Will Likely Make Getting A Divorce Even Worse by Martha White of NBC News details the coming changes for 2019.

With these new changes in mind, you’ll want to consider and plan for the timing of your divorce if you want to take advantage of the current deductibility of spousal support for divorces completed by December 31, 2018.  Many people wait to start proceedings thinking because they get along, they will get through it quickly and get it done.  Having the best laid plans is great, but it may not work with the court systems calendar and deadlines for submission.