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Divorce is obviously a difficult chapter in anyone's life. In addition to sorting out personal matters, dealing with the financial fallout of divorce is often messy. Whether you are paying alimony ...
Alimony is a court-ordered sum that one former spouse must pay to another due to a separation or divorce agreement. You might sometimes hear about spousal maintenance or spousal support, which are ...
While declaring bankruptcy does not absolve Canadians of obligations to pay alimony or child support, a 2011 ruling by the Supreme Court of Canada established that under current laws "equalization payments agreed to as part of a divorce are considered debts, and are wiped off a person's balance sheet when they declare bankruptcy." [22] [23]
The recipient doesn’t have to pay taxes on the payments, meaning alimony is no longer taxable. If your divorce was finalized before the end of 2018, you may qualify for an alimony tax deduction if:
Current child support guidelines and policies have also been criticized for requiring boys and men who are victims of rape to pay child support to the women who rape them. [132] Men who assert that a child was conceived as a result of deception, birth control fraud or sperm theft have also challenged their obligation to pay child support. [133 ...
Virginia does have palimony lawyers. [89] "Washington courts reserve the power to equitable redistribute property from one unmarried partner to another acquired during a committed intimate relationship." [52] Washington has been listed as one of the three most "liberal" palimony states, in addition to California and Minnesota. [60]
The Tax Cuts and Jobs Act made a big impact on filings for tax year 2018. From nearly double the standard deductions to new tax brackets, last year's tax filers had to adjust to changes to their...
Texas courts do not issue orders compelling someone to pay alimony. ... a judge can also set conditions on how long alimony ... you don’t have to worry about any tax implications regarding ...