Many people assume New York and IRS tax rules are identical when it comes to taxing spousal support payments. Before the Tax Cuts & Jobs Act of 2017 (“TCJA”) was enacted,...
Many people assume New York and IRS tax rules are identical when it comes to taxing spousal support payments. Before the Tax Cuts & Jobs Act of 2017 (“TCJA”) was enacted,...
In 2017, the Tax Cuts & Jobs Act (TCJA) altered the federal tax treatment of spousal support by eliminating it as a tax deduction to the payor. This law also made other...
While a divorce is pending, the spouse who earns less may be entitled to temporary spousal support. The support is considered temporary because it only applies until the support...
During the divorce process, a lesser-earning spouse can typically request temporary spousal support subject to certain rules. However, if your spouse is capable of earning more...
Keeping pace with the changes, New York State has made some crucial amendments to the income caps for both child and spousal support calculations. The new changes are set to be...
If you earn less than your spouse, you are arguably entitled to temporary spousal support during divorce. Spouses can be obligated to pay spousal support. However, the...