{3:00 minutes to read} In my last article, I outlined how the Tax Cuts and Jobs Act changed the amount each spouse pays or receives by eliminating the tax deductibility of maintenance. The original purpose of [...]
{4:00 minutes to read} On December 22, 2017, the “Tax Cuts and Jobs Act” (TCJA) was signed into law. One of the most significant changes found in the TCJA for couples seeking a legal separation [...]
Surprisingly, there are quite a number of cases where wealthy parents make a regular monetary contribution for the benefit of their married child’s family. It might be a mortgage payment or a regular monthly gift [...]
As you probably know by now, Congress acted just in time to avoid the so-called “fiscal cliff” by passing the American Taxpayer Relief Act of 2012. While there are many provisions of this new tax [...]
“Are You the Head of Your Household?” If you were unmarried at the end of a tax year and maintained a household for your child, parent or other qualifying relative you can file as “head [...]
“Who should claim a child?” According to the IRS, the parent who can claim the dependency exemption for a child on his or her tax return is the one designated the custodial parent by court [...]
