Marriage is not just a romantic promise. It is a legal, social, and economic contract. When it breaks, the emotional cost may ...

The tax change on alimony was not an act of altruism. The Joint Committee on Taxation has estimated this single provision will increase revenue to the IRS by approximately $6.9 billion over 10 ...

Alimony and child support are terms used in discussions surrounding divorce and separation, but they refer to very different financial responsibilities.

Alimony, or spousal support, is when one ex-spouse is required to make regular payments to the other ex-spouse after they get divorced. Every state has its own laws that govern this issue, and the ...

Who gets alimony and for how long comes with a whole new formula, designed to make it fair for everyone. But some ex-spouses say the new rules have created a hardship that is unfair and unjust.

Yes, regular alimony payments can be modified (up or down). As some NFL ex-wives may soon discover, a judge can reduce alimony if there is a significant negative change in the payor’s financial ...

Discrepancies between the amount of alimony deducted by payers and reported as income by its recipients increased by 38% in six years, to $3.2 billion for tax year 2016, the Treasury Inspector General ...

Under current law, the payer would have a tax bill of $13,015, based on income of $68,000 net of alimony. The recipient would pay $4,183 in tax on the alimony. Combined tax: $17,198.

Yes, there are. For instance, in certain circumstances, divorcing women should consider the benefits of an Alimony and Maintenance Trust (also known as a Section 682 Trust).