As women’s career opportunities increase and their earnings become greater, they may be on the hook to pay alimony to their ex following a divorce. In a sign of the times, ‘manimony’ is on the rise, a nickname used to describe the rise of alimony payments made to men. In 1979, the general notion that…Read More
Alimony Tax Deductions Disappear
The Tax Cuts and Jobs Act of 2017 signed into law last month will change the tax treatment of alimony payments for couples divorcing after December 31, 2018. Currently, the payor of alimony deducts spousal maintenance payments from their taxes and the recipient claims the amount received as income. The arrangement, as it stands, benefits…Read More
Divorcing Stay-At-Home-Parents Need Alimony to Bridge Gap
Despite the common perception that women make out better than men in a divorce proceeding, the truth is that they typically see a reduction in income when a marriage ends, whereas men often see an increase. The main reason is that many women (and sometimes men) put their career on hold to raise kids, making…Read More
