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The Supreme Court ruled that previous alimony can't impact disputes in a new marriage, resolving a case involving a couple's ...
In targeted states, alimony laws are decades old. They were written when divorce was rare, and when most women did not work outside the home and faced possible impoverishment after divorce.
Alimony and child support are terms used in discussions surrounding divorce and separation, but they refer to very different financial responsibilities.
The matrimonial bar is grappling with the effect of a tax bill passed by Congress and signed by President Trump at the end of 2017, which removes the option for divorcing spouses to pay alimony ...
That is not the part that I found interesting. Here is the interesting part. At trial petitioner asserted that the $50,000 of alimony she reported on her 2007 tax return should be nontaxable.
Under current law, the payer would have a tax bill of $13,015, based on income of $68,000 net of alimony. The recipient would pay $4,183 in tax on the alimony. Combined tax: $17,198.
Starting Jan. 1, 2019, alimony will no longer be tax deductible for the spouse making the payments, but will be tax free for the recipient, said CPA Jeff Hipshman, partner at HMWC.
Wendy Murphy says: Massachusetts’ alimony law isn’t good for women getting a divorce, especially those who stayed home to raise a family.
Yes, there are. For instance, in certain circumstances, divorcing women should consider the benefits of an Alimony and Maintenance Trust (also known as a Section 682 Trust).
Anyone marrying that year or later would have a marriage of 7-8 years, not nearly long enough to qualify for permanent alimony in Florida absent exceptional circumstances or clear and convincing ...
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