Amendments to the US Tax Code could have an impact on divorce and separation for couples in the near future. Changes to Child Tax Credits, Personal Exemptions, and Alimony will be in affect as soon as December 2018. What do these tax code cuts mean for you?
Starting down the path to divorce is almost never easy. In addition to the emotional turmoil, there are the practical concerns, perhaps the most primary of which is where each spouse will live. When children are involved, this concern becomes even more urgent as children can be emotionally invested in the family home or there is a need to make the children feel less impacted by the transition resulting from an anticipated separation.