As 2019 begins, the big news in divorce is implementation of the Tax Cuts and Jobs Act of 2017 ("Trump Tax”) and its key provision that changes the way alimony has been taxed for decades. Under old ...
Alimony has two important tax statuses. If you finalized your divorce before Jan. 1, 2019, the person who collects alimony pays taxes on this money. This means that the person who pays alimony can ...
Alimony dates back centuries. The original idea was that once married, a man is responsible for a woman till death. But that notion has shifted in recent decades, as more women have jobs and their own ...
Q. My husband and I want to agree that neither of us will pay alimony and neither of us will have the right to ask the court for alimony in the future. We asked the mediator to write the agreement ...
FLEMINGTON — Although in the short run, the jailing of John Waldorf hurts his ex-wife and son, Lisa Waldorf hopes it will encourage him to meet his legal obligations for support and help them in the ...
Discrepancies between the amount of alimony deducted by payers and reported as income by its recipients increased by 38% in six years, to $3.2 billion for tax year 2016, the Treasury Inspector General ...
Over 4,000 people divorce each day in our country. Some do so after many years of marriage and in the context of very unequal spousal incomes. Such divorces often require alimony to achieve a fair ...
Forbes contributors publish independent expert analyses and insights. I write about your wealth and wellbeing during and after divorce. Balancing family dynamics when going through a divorce is never ...