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https://www.freep.com/story/money/personal-finance/susan-tompor/2018/12/19/divorce-alimony-income-tax-deduction/2310068002/
Dec 19, 2018 · It's a big deal if you're paying $30,000 a year or far more in spousal support and you're in a higher tax bracket. ... to reflect the changes when divorces are settled in 2019 and later. ...
https://www.castellanosfamilylaw.com/blog/2019/may/tax-treatment-of-alimony-payments-under-gop-tax-/
May 21, 2019 · New changes in federal tax law eliminated the alimony deduction for divorce or separation agreements executed after December 31, 2018, which means alimony payments (spousal support in California) are no longer tax deductible for the person paying spousal support and will not be taxable income for the person receiving spousal support.
https://www.irs.gov/taxtopics/tc452
Jan 03, 2020 · Child support is never deductible and isn't considered income. Additionally, if a divorce or separation instrument provides for alimony and child support, and the payer spouse pays less than the total required, the payments apply to child support first. Only the remaining amount is considered alimony. Reporting Taxable Alimony or Separate ...
https://www.marketwatch.com/story/new-tax-law-eliminates-alimony-deductions-but-not-for-everybody-2018-01-23
Jan 29, 2019 · In divorce situations, one spouse or ex-spouse may become legally obligated to make payments to the other party. Since these payments are often substantial, locking in …
https://virginiadivorcefirm.com/big-changes-coming-spousal-support-alimony-taxation-2019/
Why Spousal Support Payments May Go Down in 2019. At first glance, those changes may seem like they simply shuffle the tax burden for spousal support payments back from the receiving spouse to the paying spouse, but there is a larger issue which will mean higher combined taxes for the paying and receiving spouse.
https://highswartz.com/high-swartz-blog/spousal-support-changes/
Jan 31, 2019 · Now is the time to contact a family lawyer to find out if the new spousal support changes and APL guidelines help or hurt, in terms of one’s personal cash flow. On December 28, 2018, new Pennsylvania spousal support changes and APL guidelines were issued that took effect on January 1, …
https://www.cnbc.com/2018/02/16/loss-of-alimony-tax-break-in-tax-law-may-inflame-divorce-negotiations.html
Feb 16, 2018 · Alimony tax changes may scorch divorcing couples. Published Fri, Feb 16 2018 11:15 AM EST. Annie Nova @AnnieReporter. Key Points. Lawyers and other divorce experts are scrambling to understand the ...Author: Annie Nova
https://www.thefirmformen.com/articles/july-1-marks-huge-spousal-support-law-changes-with-wide-effects/
Jun 29, 2018 · Spousal support can be non-modifiable or modifiable. That is, an agreement for spousal support can either be irrevocably binding on both parties, or it can be revisited in future years depending on evolving circumstances, what Virginia law calls “material changes.”Phone: (757) 383-9184
https://www.claerygreen.com/Family-Law-Blog/2018/August/Changes-to-Spousal-Support-Laws.aspx
Aug 13, 2018 · Spousal Support Requirements. For payments to a spouse to be tax deductible according to the pre-2019 standards, they must qualify as spousal support or alimony. According to the IRS, a payment made to a spouse only qualifies as spousal support if the following is true: The spouses do not file a joint tax return,
https://www.goldbergjones-or.com/spousal-support-alimony/spousal-support-oregon-know/
Jul 11, 2016 · This includes changes to divorce settlements, specifically those involving spousal support. Beginning January 1, 2019, on new court orders that include spousal support provisions, the party paying spousal support will no longer be able to deduct this amount. At the same time, the recipient will no longer have to pay taxes on this amount.Location: 111 SW Columbia St Ste 1150, Portland, 97201
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