Category: Alimony
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Types of Alimony: Which One is Right for Your Situation?
Read more: Types of Alimony: Which One is Right for Your Situation?When going through a divorce or separation, one of the most crucial aspects to consider is alimony. Alimony, also known as spousal support, is a legal obligation to provide financial support to…
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Does Cheating Impact Alimony in North Carolina
Read more: Does Cheating Impact Alimony in North CarolinaWhen it comes to divorce proceedings, one of the most contentious issues is often alimony. In North Carolina, determining alimony can be complex, especially when infidelity is involved. If you find yourself…
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REMINDER: Tax Law Changes Regarding Alimony Go Into Effect After December 31, 2018
Read more: REMINDER: Tax Law Changes Regarding Alimony Go Into Effect After December 31, 2018Under the current Internal Revenue Code, payments for alimony are currently tax-deductible such that the payor receives a dollar-for-dollar deduction from their taxable income. In turn, the recipient must include any payments…
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Russell Crowe Raises Money for Charity & Alimony in Superstar Divorce Auction
Read more: Russell Crowe Raises Money for Charity & Alimony in Superstar Divorce AuctionRussell Crowe, the Oscar award-winning actor you might know from movies like Gladiator and A Beautiful Mind, finalized his divorce from Australian actress Danielle Spencer in April 2018 after 15 years of…
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What Do I Need to Know About Prospective & Retroactive Child Support?
Read more: What Do I Need to Know About Prospective & Retroactive Child Support?There are two types of child support that can be used by parents to address the reasonable needs and expenses of minor children: prospective child support & retroactive child support. We explain…
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New Tax Law Eliminates Alimony Deduction
Read more: New Tax Law Eliminates Alimony DeductionPresident Trump signed The Tax Cuts and Jobs Act on December 22, 2017, eliminating a long-standing fixture in Family Law–the alimony tax deduction. The final Tax Cuts and Jobs Act did, in…
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Proposed Tax Reform Bill Eliminates Alimony Tax Deduction
Read more: Proposed Tax Reform Bill Eliminates Alimony Tax DeductionCongress introduced sweeping changes to the federal tax code, in a bill known as the Tax Cuts and Jobs Act. This bill terminates various itemized deductions in exchange for an increase in…
