Divorce can be just as much an economic issue as an emotional one.
A bad one might cost you thousands, and we're not just talking about the settlement. Many tax issues for divorce revolve around the actual divorce agreement. The two main financial issues that most people deal with in divorce are alimony and child support. Child support payments are not taxable to the person receiving the payments, and are likewise not deductible by the person making the payments. Alimony payments, on the other hand, are completely different.