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Alimony: If the divorce was finalized in 2019 or beyond, alimony payments won’t be considered taxable income or be eligible for a tax deduction. Alimony payments may be deductible or reportable ...
Although alimony is not deductible or reportable as income for divorces occurring on or after Jan. 1, 2019, the previous rules apply to you if you were divorced by Dec. 31, 2018.
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...
The term alimony comes from the Latin word alimonia ' nourishment, sustenance ', from alere ' to nourish '.Also derived from this word are the terms alimentary (of, or relating to food, nutrition, or digestion), and aliment (a Scots Law rule regarding sustenance to assure the wife's lodging, food, clothing, and other necessities after divorce).
Prenuptial Agreements with valid alimony waivers or restrictions entered into in one state should be fully enforceable by the courts of another state in the event of a divorce, unless the terms of the prenuptial agreement are in material violation of the foreign jurisdiction's laws. California is the only state with a law that requires that the ...
California have a single Guideline, with no alternates. Research be done on the operation of the Guideline. Require courts to report the basis (findings) of the support awards. Make a clear rule on how to apply hardship deductions. Conduct a detailed study on how low income cases are handled.
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