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News about Divorce Law in New York State
Articles on New York Divorce Law
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Jun 2018What is Mediation?
May 2018What will happen in Divorce Court?
Apr 2018What is the Appellate Division Like
Mar 2018What is a Separation?
Feb 2018HOW DO I GET AN ORDER OF PROTECTION
Feb 2018WHAT IS CHILD SUPPORT?
Jan 2018CAN I GET ALIMONY?
Nov 2017WHAT IS A HIGH NET WORTH DIVORCE?
Sep 2017What to expect in a custody case
Sep 2017WHAT IS A CONFESSION OF JUDGMENT
How the New Tax Law Affects Your Divorce
January 12, 2018
Divorce cases will now be more complicated than before with the advent of the new tax bill. And the incentive to settle a divorce or custody case is now lessened under the new bill. Under the new law, spousal support paid by one spouse to the other spouse will not be a tax deduction whereas the recipient spouse no longer has to pay taxes on it. Under the present system, the payer of alimony got to deduct the full amount and the recipient spouse paid taxes on the amount. No longer so!