Under Trump tax plan divorces could get nastier
Donald Trump with ex-wife Marla Maples. Photo: Ron Galella / Getty
Under Trump's tax plan, divorcees in lower income brackets can exclude alimony payments from their taxable income but alimony payers no longer get a tax break, giving them less incentive to be generous to their former spouses.
Why it matters: In a recent survey, 64% of lawyers from the American Academy of Matrimonial Lawyers said that they expect divorces to become even more hostile because of the changes to the tax code.