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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.
Permanent alimony has begun to fall out of favor because it encourages the alimony recipient to not remarry so that they will continue to receive money from their ex-spouse. [7] However, many states still have permanent alimony awards. [9] [10] [11] [12]
Alimony has two important tax statuses. If you finalized your divorce before Jan. 1, 2019, the person who collects alimony pays taxes on this money. This means that the person who pays alimony can ...
However, living apart is not accepted as grounds for a divorce in many states. [5] In the United States married couples are allowed to end a marriage by filing for a divorce on the grounds of either fault or no fault. [6] In the past, most states only granted divorces on fault grounds, but today all states have adopted the no fault divorce. [7]
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 spouse trying to recover back alimony sometimes may use the collection procedures that are available to all other creditors, such as reporting the amount due to a collection agency, or seek enforcement through contempt of court proceedings against an obligor who has failed to pay. [38] Alimony obligations are not dischargeable in bankruptcy. [39]
Anthony Anderson’s recent $240,000 annual alimony tab stirred questions. TheGrio has answers. Some eyes widened and jaws dropped when news […] The post Holla ‘prenup’ if you want, but it ...
In Hong Kong, and in England and Wales, section 1(5) of the Matrimonial Causes Act 1973 [3] provides that "Every decree of divorce shall in the first instance be a decree nisi and shall not be made absolute before the expiration of six months from its grant", and section 9(1) allows any person (including the King's Proctor), before the decree ...