Paying alimony? What the new tax law means to you

Think you might get a break on your taxes when it comes paying alimony under Trump’s new tax law? In reality, one party in a divorce is poised to enjoy a windfall while the other will lose a valuable tax deduction. For a president who’s been married three times and divorced twice, this tax plan seems to promote prenup agreements (though these may need to be revisited and possible recalculated too) and lump-sum divorce payouts to avoid the tax implications that will apply to alimony in 2019.