Tax Cuts and Jobs Act, Divorce, Spousal Support

Alimony Refresher

Conn Kavanaugh on 4/25/2025

Enactment of the “Alimony Reform Act” The “Alimony Reform Act” of Massachusetts (G. L. c. 208, §§ 48- 55) was enacted in 2012 and dramatically altered the spousal support/alimony landscape. Thirteen years later, it is...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

Spousal Lifetime Access Trusts: What You Should Know

Harris Beach Murtha PLLC on 4/17/2020

Spousal Lifetime Access Trusts, or “SLATs,” may be the ideal vehicle for clients interested in pursuing wealth-transfer tax planning. Before deciding whether SLATs may be right for you and your family, it’s important to...more

The Deductibility of Future Alimony Payments Just Might Depend on the Past

Cozen O'Connor on 9/25/2019

The Tax Cuts & Jobs Act of 2017 eliminated the tax deduction previously allowed for alimony payments effective January 1, 2019. This meant that alimony payments made pursuant to an agreement executed after December 31, 2018...more

Divorce and Taxes

Jaburg Wilk on 8/26/2019

When a couple is getting divorced both current and future tax obligations as well as tax basis are very important. There are four areas that we frequently advise our clients about. Originally published on ABC15 Sonoran...more

Changes to the Pennsylvania Support Guidelines in Response to the New Tax Law

Cozen O'Connor on 5/29/2019

For the past several decades the “alimony deduction” has been available to all divorcing couples. This deduction provided that the spouse making alimony payments could deduct alimony payments from his or her income and the...more