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...
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...
In 2016, New York made significant changes in how spousal support is calculated. The goal was to provide more predictability in awards and address evolving perceptions of...
“Spousal support,” also known as alimony, is determined by a legal formula in New York. As a result, the law offers some certainty about how much a spouse will receive or must...
Many people aren’t aware that the 2017 Tax Cuts & Jobs Act made a big change to the federal tax treatment of spousal support. Under the law, spousal support is no longer tax...
