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spousal maintainance

Update on Divorce and Tax Law

Now that the new tax law is official, this is what it means for divorcing couples: First of all, alimony or maintenance as we call it in New York, will not be deductible by the payor for any agreement executed after December 31, 2018. Note that the divorce judgment does not need to be signed—only […]
  • Posted by Deborah E. Kaminetzky
  • On January 5, 2018
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New Tax Treatment of Maintenance and Implications for Divorcing Couples

There is a lot of buzz lately about possible changes to the tax treatment of Spousal Maintenance. The silver lining in the spousal maintenance cloud is that the payor can take the amount off their taxes as a deduction. The person who receives the maintenance has had to pay the taxes on it as income. […]
  • Posted by Deborah E. Kaminetzky
  • On November 9, 2017
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