No Alimony Deduction? You Can Still Minimize Your Taxes. Prior to 2019, individuals who paid alimony to their ex-spouse could deduct that amount from their income before paying taxes to the federal government. The recipient paid taxes on the alimony they received, but at their lower tax bracket. All of that changed for
How Is Spousal Support Calculated in California? When a couple legally separates or divorces, the court may order one member of the couple to pay monthly spousal support. Individuals who were involved in a domestic partnership may similarly be paid partner support. The purpose of the support is to enable both members of
How Do Depreciation Deductions Enter into Child or Spousal Support? If you own a business or a rental property, you are probably used to taking depreciation deductions against your annual income on your federal and California state tax returns. These depreciation deductions lower your income for tax purposes. When calculating your income to
How to Obtain a COVID-19 Child Support Modification With the current threat of COVID-19, I sincerely hope that you and your family continue to be safe and healthy. I also hope that you are not financially impacted in a major way. Unfortunately, however, the current situation is affecting a great number of people’s
Does Spousal Support End with Cohabitation? Spousal support is sometimes awarded in the state of California to help one spouse or domestic partner adjust to life without the financial support of the higher income spouse. Also called Alimony, spousal support can be awarded for a specific period of time, for example, monthly for seven years,
Here's How the New Tax Law Affects Married Couples and Spousal Support Like many married couples, you may be thinking ahead to your tax liability for 2018. Here is a rundown of how the new tax law is likely to affect you, especially if you own a home, have a family, or are the payor
On behalf of Law Office of Christina Sherman on Tuesday, October 1, 2013. If you are in the process of getting divorced and are worried about paying spousal support for the rest of your life, there are some options available to limit the spousal support you pay. One of these options is the vocational evaluation