If you start divorce proceedings before Dec. 31, 2018, and you will pay alimony, you will still be able to deduct the total amount you pay each year from your taxes. Your ex-spouse will still be required to pay taxes on the total amount of alimony each year.
Alimony and taxes: Changes are coming
Deciding to divorce during retirement
It is becoming increasingly common for spouses to divorce in their senior years. Divorcing once retired is often referred to as "gray divorce". Many people decide to divorce after they have retired because they realize that they want different things in their lives. Retirement is a big transition. Therefore, it is common for big changes to occur.
Dealing with the guilt of divorce
Thinking about whether to initiate a divorce can be a very confusing feeling. It can be almost impossible to figure out whether you are making the right decision, and questions will arise in your mind about whether you are giving up too soon or whether you should have put more effort into the relationship.
