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The tax change on alimony was not an act of altruism. The Joint Committee on Taxation has estimated this single provision will increase revenue to the IRS by approximately $6.9 billion over 10 ...
Alimony and child support are terms used in discussions surrounding divorce and separation, but they refer to very different financial responsibilities.
Who gets alimony and for how long comes with a whole new formula, designed to make it fair for everyone. But some ex-spouses say the new rules have created a hardship that is unfair and unjust.
A Reddit user shared how their friend represented himself in court in his divorce case and successfully escaped the burden of alimony payments.
Yes, regular alimony payments can be modified (up or down). As some NFL ex-wives may soon discover, a judge can reduce alimony if there is a significant negative change in the payor’s financial ...
Yes, there are. For instance, in certain circumstances, divorcing women should consider the benefits of an Alimony and Maintenance Trust (also known as a Section 682 Trust).
Under current law, the payer would have a tax bill of $13,015, based on income of $68,000 net of alimony. The recipient would pay $4,183 in tax on the alimony. Combined tax: $17,198.
Brandon Blackstock, singer Kelly Clarkson's ex-husband and famous talent manager, has died after battling cancer, his family ...