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Two unexpected ways the new alimony tax rules affect your retirement savings

Two unexpected ways the new alimony tax rules affect your retirement savings

Finance
Alimony payments will fall under new tax rules starting in 2019. That could mean big changes for your retirement accounts. It's all a part of the Tax Cuts and Jobs Act that was ushered in by Congress late last year. Under the new regulations, the individual who pays alimony to an ex-spouse will no longer be able to deduct those payments. And the recipient of the money will no longer pay taxes on that income. The law applies to divorce agreements that are formed after the New Year. "If you wer...
Low-calorie diets affect men's and women's bodies differently, study shows

Low-calorie diets affect men's and women's bodies differently, study shows

Health
Men's bodies may respond better to low-calorie diets than women's, a new study showed. A study in Denmark recruited more than 2,000 people who had pre-diabetes -- meaning high blood sugar, but not yet diabetes -- to look at how low-calorie diets worked for them. In the study, researchers from the University of Copenhagen found that men benefitted in more ways from the reduced calorie counts, and not just in the numbers on the scale. "Despite adjusting for the differences in weight loss, it appears that men benefited more from the intervention than women. Whether differences between genders persist in the long-term and whether we will need to design different interventions depending on gender will be interesting to follow," said lead author Dr. Pia Christensen, of the University of Copen...
Forest health on one coast can affect forests on the other coast

Forest health on one coast can affect forests on the other coast

Science
May 16 (UPI) -- Shrinking forests don't just have local or regional consequences. New research suggests the loss of forests on one coast can affect forest health on the opposite coast. In a new study, published this week in the journal Environmental Research Letters, scientists at the University of Washington detailed the linked fates of forests on the East and West coasts of the United States. Die-offs on one coast, whether caused by wildfire, drought or disease -- or some combination thereof -- can have a measurable impact on the health of sections of forest a few thousand miles away. "These smaller areas of forest can have continental-scale impacts, and we really need to be considering this when we're thinking about ecological changes," Abigail Swann, an assistant professor of atmosph...
These changes under the GOP tax plan affect homeowners

These changes under the GOP tax plan affect homeowners

Finance
After the many twists and turns that the Republican tax-overhaul legislation has taken thus far, it might be unclear to homeowners what's in store for them.In a nutshell, not much that will help them save more on taxes. The bill, expected to receive final approval by lawmakers on Wednesday, includes a variety of changes that could make homeownership a more costly proposition for some taxpayers.On top of making modifications to the mortgage interest deduction, the bill limits the deductibility of property taxes and state and local income taxes to a combined $ 10,000. In states such as New York and California where home prices and property taxes are high, this change means some homeowners could face bigger tax bills beginning next year.And if you were thinking about prepaying some of your 20...
More acidic oceans 'will affect all sea life'

More acidic oceans 'will affect all sea life'

Science
All sea life will be affected because carbon dioxide emissions from modern society are making the oceans more acidic, a major new report will say.The eight-year study from more than 250 scientists finds that infant sea creatures will be especially harmed.This means the number of baby cod growing to adulthood could fall to a quarter or even a 12th of today's numbers, the researchers suggest.The assessment comes from the BIOACID project, which is led from Germany.A brochure summarising the main outcomes will be presented to climate negotiators at their annual meeting, which this year is taking place in Bonn in November.The Biological Impacts of Ocean Acidification report authors say some creatures may benefit directly from the chemical changes - but even these could still be adversely affect...