Tag Archives: Alimony

What Do You Really Know about Alimony in NJ?

The comparison is worth repeating. In many ways, the end of a marriage is like the end of a business partnership. In divorce terms, dividing up the assets and debts is known as equitable distribution.  When some business relationships fall … Continue reading

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Alimony Tax Deduction: Is It Too Late To Divorce in 2018?

Have you heard the news about the alimony tax deduction?  It is going away for divorces finalized after December 31, 2018.  But fear not!  If you and your spouse act smartly and quickly, you can still lock in your alimony … Continue reading

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Grounds for Alimony Termination

Indefinite alimony still exists, but is less common than it used to be. Many alimony awards are now given for a specific period of time. Regardless of whether the alimony is indefinite or for a fixed term, the obligation or … Continue reading

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Alimony Is No Longer Deductible Under Tax Reform

From AccountingToday: Over 600,000 taxpayers claimed a deduction for alimony on their 2015 returns, but for divorces entered into after 2018, alimony will no longer be deductible by the payor and the income will not be taxed to the recipient,… … Continue reading

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How Your Retirement May Impact Your Florida Alimony Obligation

Life is full of many twists and turns, many of which can have financial consequences. When you experience a turn in your life that reduces your income, and you are under an existing court order to pay your ex-spouse alimony, … Continue reading

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