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On or after January 1, 2019: The Tax Cuts and Jobs Act (TCJA) changed the alimony tax implications. If the divorce was finalized after 2018, alimony payments are no longer tax deductible for the ...
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 ...
One issue that couples often contend with during the divorce process centers on financial support. Both parties can work together to reach an agreement on alimony or spousal support or in cases of ...
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).
In the United States, marriage and divorce fall under the jurisdiction of state governments, not the federal government. Although such matters are usually ancillary or consequential to the dissolution of the marriage, divorce may also involve issues of spousal support, child custody, child support, distribution of property and division of debt.
Alimony, also known as "maintenance" or "spousal support", is still being granted in many cases, especially in longer-term marriages. A decree of divorce will generally not be granted until all questions regarding child care and custody, division of property and assets, and ongoing financial support are resolved.
A 77-year-old South Florida woman has been worried lately. Married for more than 30 years, she was divorced in 2006 and has been collecting alimony ever since. It’s not enough to live on ...
New Jersey courts require all divorcing parents with minor children to complete a mandatory Parents' Education Program before granting a divorce per the Parent's Education Act. The law, N.J.S.A 2A:34-12.3 [ 7 ] , enacted in 1999, was established to promote cooperation between the parties and to assist in resolving issues that arrive during the ...
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