The tax treatment of alimony, also known as spousal support, changed in 2019. You can’t deduct alimony you pay under a divorce or separation instrument signed on or after January 1, 2019. You can deduct alimony paid under a divorce or separation instrument signed before 2019, unless you and your spouse have subsequently agreed to make it non-deductible. Give us a call today at 908-810-1083. #shorthills #shorthillsnj #newjersey #nj #TaxReturns #EstateTaxes #IRS #taxseason #incometax #personalfina
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The tax treatment of alimony, also known as spousal support, changed in 2019. You can’t deduct alimony you pay under a divorce or separation instrument signed on or after January 1, 2019. You can deduct alimony paid under a divorce or separation instrument signed before 2019, unless you and your spouse have subsequently agreed to make it non-deductible. Give us a call today at 908-810-1083. #shorthills #shorthillsnj #newjersey #nj #TaxReturns #EstateTaxes #IRS #taxseason #incometax #personalfina
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🌟 Navigating Alimony in New Jersey? We've Got You Covered. 🌟 Whether you're paying or receiving spousal support, understanding your rights and obligations is crucial. Our eBook, A Guide to New Jersey Spousal Support, by Bari Z. Weinberger, Esq., provides clear insights into the different types of alimony, how payments are calculated, and what factors might lead to changes or termination. Empower yourself with the knowledge to ensure a fair financial future. 📖 Explore the guide here: Books & e
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🌟 Navigating Alimony in New Jersey? We've Got You Covered. 🌟 Whether you're paying or receiving spousal support, understanding your rights and obligations is crucial. Our eBook, A Guide to New Jersey Spousal Support, by Bari Z. Weinberger, Esq., provides clear insights into the different types of alimony, how payments are calculated, and what factors might lead to changes or termination. Empower yourself with the knowledge to ensure a fair financial future. 📖 Explore the guide here: Books & e
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What is alimony—and who pays it? It’s not one-size-fits-all. Courts look at length of marriage, income disparity, and future earning potential to determine support. Know your rights before agreeing to anything. Visit or call us! 📍 Southington, CT 📞 860-718-4771 🌐 mpflawct.com #FYP #ForYourPage #alimonyexplained #familylaw #divorcesupport #spousalsupport #lawyersofinstagram #divorcelawyer #moneyandmarriage
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What is alimony—and who pays it? It’s not one-size-fits-all. Courts look at length of marriage, income disparity, and future earning potential to determine support. Know your rights before agreeing to anything. Visit or call us! 📍 Southington, CT 📞 860-718-4771 🌐 mpflawct.com #FYP #ForYourPage #alimonyexplained #familylaw #divorcesupport #spousalsupport #lawyersofinstagram #divorcelawyer #moneyandmarriage
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Kusum on Instagram: "Alimony - Right or Wrong? Alimony impacts people differently — and real data shows both sides. 📊 In India, a survey of 1,258 divorces found 42% of men took loans to pay alimony or legal costs, 29% ended up with negative net worth, and on average 38% of their income went to maintenance. At the same time, over 53% of women received more than half of their ex-husband’s net worth in support, and many reduced work or relocated after marriage, affecting long-term earnings. Global
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Kusum on Instagram: "Alimony - Right or Wrong? Alimony impacts people differently — and real data shows both sides. 📊 In India, a survey of 1,258 divorces found 42% of men took loans to pay alimony or legal costs, 29% ended up with negative net worth, and on average 38% of their income went to maintenance. At the same time, over 53% of women received more than half of their ex-husband’s net worth in support, and many reduced work or relocated after marriage, affecting long-term earnings. Global
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