Tax Code Changes and Modification

Most people are aware that there are several potential changes in the U.S. Tax Code with regard to family law floating around.  The final bills have not passed yet.  The two main issues of interest are the lack of deductibility of alimony and the removal of the child tax deduction.  The issue I am seeing on the horizon if these become law is whether this is a basis for modification of financial obligations.  Countless divorce degrees where negotiated across the country in good faith with these tax benefits taken into consideration.  Currently, I think the change is foreseeable.  Six months ago, not so much.  Timing may be a critical issue in these cases.  The legal issue  of whether a change in the tax code is a substantial change in circumstances is going to be one of the next big issues to consider.