Whenever parents divorce, a court will order support for any children under the age of 21. The amount is either calculated under guidelines established by New York law or agreed...
Whenever parents divorce, a court will order support for any children under the age of 21. The amount is either calculated under guidelines established by New York law or agreed...
Divorce is seasonal as people tend to avoid holiday periods when they feel it’s taboo to initiate divorce. After the holidays, however, divorce filings tend to go up. Some of...
While changes in federal taxation of spousal support have been well-publicized, less well-known is how New York taxes spousal support payments. Many people assume New York and...
Divorce is one of the most stressful and emotional experiences a person can go through. Feelings of anxiety, grief, and anger are typical, but can become overwhelming and toxic...
Under the 2017 Tax Cuts & Jobs Act, spousal support is no longer tax deductible on the Federal level for the person paying the support. As discussed in a previous post, the...
Federal tax law provides for special treatment of capital gains taxes on the sale of a person’s residence provided certain conditions are met. A taxpayer may qualify to exclude...