“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. This could have a significant impact on marital settlement agreements going forward and even require re-negotiation for divorces completed in 2017 based on the assumption that the maintenance already ordered would be tax deductible to payor.” For the full article, please click here: https://divorcefinancialtraining.com/gop-tax-plan-eliminates-tax-deduction-on-alimony/
GOP Tax Plan Eliminates Tax Deduction on Alimony (Spousal Support)
“A controversial proposal from officials in Gov. Scott Walker’s administration to reduce the amount of money wealthy parents pay in child support remains stalled nearly a year after the rule
“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
Equal Time With Parents In Children’s Best Interests?Equal Time With Parents In Children’s Best Interests?
“Researchers found that children of divorce benefited from spending time, including sleeping over, at both parent’s homes.” The full article can be found here: http://www.livescience.com/57737-children-divorce-overnight-parents.html