Tag: alimony
How Are My Contributions to the Marriage Used in Determining Alimony?
Alimony is a sensitive and stressful issue with both sides often disputing what may be owed under the law. For spouses who may have limited education or job skills, or who left the workforce to raise children, it can be particularly difficult. They don’t want to be penalized because they made less money during the […]
What Couples Need to Know About 2019 Changes in Tax Treatment of Alimony
Effective January 1, 2019, new federal tax laws go into effect which significantly impact alimony. Under long-standing tax law, alimony has been tax deductible for the person paying it and taxable income for the person receiving it.