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Child Custody and Taxes

The new year always brings aboout issues of taxes, and in cases in which a child’s parents are not married or do not live together, the question of the tax status for each indiviudal and who gts to claim the child and all the credits for the child. The easiest…

Alimony/Maintenance – TAX CHANGES

Pursuant to the new tax law passed, Alimony/Maintenance will no longer be taxable income to the recieving party and no longer a tax deduction to the paying party on all orders under a divorce or seperation agreement entered after December 31, 2018.  This change can have significant tax implications for…