COVID-19 Economic Fallout Leads to New Support Modifications According to the New York Post, divorce rates in the United States increased by 34% between March and June 2020. Nearly 20% of the people who petitioned the court for a divorce had been … [Read more...]
Tax Reform & Alimony
What are the alimony payment tax consequences under current tax law? Under current law, alimony payments are deductible by the payor-spouse and included in the gross income of the recipient, payee-spouse. In other words, the payor-spouse can deduct … [Read more...]