News & Analysis as of August 13, 2025

Tax Deductions

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Divorce is the formal legal dissolution of a marriage. The divorce process implicates many diverse areas of the law including, but not limited to, real estate, wills and trusts, child custody, and tax.

Navigating Tax Filing Season: Essential Tips for Couples and Families

Weber Gallagher Simpson Stapleton Fires &... on 3/19/2025

It’s tax filing season and now is the time to gather your important tax documents. Of course, tax filers should be aware of the basics including gathering your employment W2s and 1099s. But, what about the not so basic...more

The Tax Implications of Divorce: Alimony, Child Support, IRAs and More

DarrowEverett LLP on 12/19/2024

Divorce is a complex and emotionally charged process that also brings substantial financial considerations, with three of the most significant financial aspects of a divorce being alimony (spousal support), child support, and...more

War of the Rosas - Using Pooled Income Funds in Divorce Planning

Gerald Nowotny - Law Office of Gerald R.... on 6/22/2020

According to statistics 40-50 percent of all marriages end in divorce. To add insult to injury, tax reform eliminated the deductibility of alimony payments for divorce and separation agreements that are finalized or amended...more

The New Year’s Resolution Divorce

Fox Rothschild LLP on 12/29/2017

For many divorce attorneys, the busy season starts after the first of the year. For the last several years, I have posted on the phenomenon of the New Year’s Resolution Divorce. For whatever reason, this post has struck a...more

Divorce Planning: How Tax Reform Could Affect Your Decisions

Lewitt Hackman on 12/21/2017

Under the current tax law, individuals making spousal support payments may deduct the payments on their tax returns. Conversely, the individual receiving alimony must count those payments in his or her gross income....more

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