One of the most difficult elements in any divorce is settling financial issues such as alimony. Although the party with greater earning potential may be expected to provide support to the other spouse for a time, the duration of alimony payments can be affected by...
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Alimony
Is Alimony Taxable In Massachusetts?
Is alimony taxable? The short answer is that it might be. Depending on when your divorce decree or separation agreement became effective, the IRS may tax your alimony payments. Here is a guide to when alimony is taxable and when it is not taxable. How Does the IRS...
Should you waive future alimony?
Alimony, which is support paid to an economically disadvantaged spouse after a divorce, can understandably become a huge bone of contention during divorce. So you might be relieved to find out that you and your spouse have incomes that are close enough together that...
How much alimony do the Massachusetts courts order in a divorce?
When one spouse makes substantially more than the other, that can lead to greater financial issues for the spouse with less earning potential after a divorce. Particularly if that spouse stayed out of the workforce to care for the family home or to raise children, it...
New tax laws mean a different way of treating alimony
Sharing the wealth may take on a whole new meaning come the new year. As of Jan. 1, newly divorced Massachusetts residents will be experiencing alimony payments in a new way thanks to the federal government. The person making payments will no longer be entitled to a...
New laws coming in January to affect alimony payments
New tax laws will have an impact on divorce issues. Those laws will have a definite impact on alimony payments in Massachusetts. They take effect on Jan. 1, 2019. So those who are considering divorce should know that as of that time payers of alimony won't be able to...
Keeping documentation of alimony payments could be helpful
Life between ex-spouses after divorce can sometimes be difficult or tense. This may be especially true if alimony payments are involved, as some divorced couples in Massachusetts may have noticed. There are many people across the country who have difficulty collecting...
John Schneider may be facing jail time for delinquent alimony
Many Massachusetts divorcees are familiar with support payments. Ex-spouses across the country are required to pay alimony each month. Some of these people, however, do not make their payments on time or at all in some cases. Even celebrities like John Schneider must...
Alimony and changing gender roles
Marriage and divorce have changed significantly in recent years. This is partially due to how traditional gender roles have changed over time. In Massachusetts and across the country, it is becoming more common for women to be the family breadwinners. This has had an...
Will changes in alimony laws cause lengthier divorces?
Many people in Massachusetts may know someone who has gone through or is currently going through a divorce. Some of these divorces may have gone smoothly, but others might have been difficult and ended bitterly. Alimony is one of the many things that can cause...