How the New Tax Law Impacts Divorce

This year, income tax filing adds several new wrinkles that can be critical for people deciding how divorce proceedings or settlements should be determined. These outcomes can affect personal or family finances for years to come.

The Divorce Center, a non-profit organization that provides information to the public and to professionals dealing with divorce, will hold a seminar on Wednesday, February 21 to go over the most significant effects of the federal new law.

This is the second in a new monthly series of Wednesday evening public seminars on topics of interest to people in the process or aftermath of divorce. The tax law seminar will run from 7 to 8:30 p.m. in the Wellesley Community Center, 219 Washington St., Wellesley. Cost is only $10.

This presentation will help people to better outcomes in tax planning and filing. Three financial and divorce professionals will review the new tax act’s impact on divorcing couples, including:

• Impact of non-deductibility of alimony
• Will alimony modifications change the tax status?

• Kiddie tax
• New tax brackets
• Why AMT is no longer an issue for most people
• Why the increase in the child tax credit is not an increase
• Head-of-household preparer due-diligence requirements
• Changes to the mortgage interest deduction
• The 20% deduction for qualified business income and why it is not what you think
• How you can still benefit from a charitable contribution

For more information and advance registration for this seminar, visit www.bit.ly/tax-seminar-reg.

The Divorce Center is a 501 (c)(3) nonprofit Massachusetts organization of people experiencing divorce and its effects, along with professionals who enhance knowledge of the divorce process and its effects, to lessen fear and attain the best possible outcomes. Programs emphasize parental education and assistance, training, information sharing and referral services. More information is available at www.TheDivorceCenter.org.