“Officials in Gov. Scott Walker’s administration have dropped a controversial proposal to reduce the amount of money wealthy parents pay in child support.” For the full article, please click here: http://host.madison.com/wsj/news/local/govt-and-politics/catching-up-effort-to-change-child-support-rules-for-wealthier/article_33148aaa-bc6e-5613-a627-5d8845ac0320.html
Controversial Child Support Proposal Dropped
Child Support and Public BenefitsChild Support and Public Benefits
“Walker’s reforms would re-establish the requirement that, as a condition of receiving FoodShare, custodial parents must cooperate with child support enforcement to establish paternity and a child support order for
GOP Tax Plan Eliminates Tax Deduction on Alimony (Spousal Support)GOP Tax Plan Eliminates Tax Deduction on Alimony (Spousal Support)
“On Wednesday, November 1, 2017, the House finally released their proposal for tax reform and one item on the list is to eliminate the deductibility of spousal maintenance/alimony for payors.
New Tax Law and AlimonyNew Tax Law and Alimony
“Currently, alimony is taxable for the recipient but not the payer. The spouse paying the alimony can deduct it from income before the adjusted gross income is figured. (This is