The New Tax Law Will Affect Your Relationship

Michael Haruna

September 19, 2025

With the new tax law set to be implemented in 2026, there will likely be significant effects on both personal relationships and business activities. More people may become cautious or appear selfish, as they try to avoid paying higher taxes. Savings habits are also expected to increase. In addition, the new tax bill could impact clubs or certain businesses that have traditionally been used to launder funds.

On a personal level, frequent money transfers to a girlfriend or family members could be flagged as income. In such cases, you may be required to explain the source of the funds, while the recipient might also need to account for the inflows. This scrutiny could create tension in relationships, especially where financial support was previously exchanged without questions.

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