Lawyers Say Trump's Tax Plan May Soon Lead To A Surge In Divorces

Lawyers Say Trump's Tax Plan May Soon Lead To A Surge In Divorces
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Updated 5 months ago

The Tax Cuts and Jobs Act, which President Trump signed into law on December 22, 2017, might have unhappy couples calling it quits sooner rather than later. The new tax plan includes the repeal a 76-year-old deduction on alimony payments, but it won't go into effect until January 1, 2019. Because of the repeal's delayed effective date, lawyers are advising clients who are thinking about divorce to do it now.

Mary Vidas, a Philadelphia lawyer and former chair of the American Bar Association’s section on family law, says:

Now’s not the time to wait. If you’re going to get a divorce, get it now.

So the party of "family values" passed tax legislation that might encourage couples to hurry up and split.

The irony was not lost on Twitter users:

Some people offered advice of their own:

And there's bad news for women when the repeal does go into effect. The current alimony deduction is a substantial one, and lawyers often use it as a bargaining chip in divorce negotiations. The deduction's repeal will put women at a disadvantage, since they tend to earn less than men.

Brian Vertz, a family law attorney in Pittsburgh, says:

The repeal reduces the bargaining power of vulnerable spouses, mostly women, in achieving financial stability after a divorce.

Weren't divorce proceedings already messy enough?