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By Rebecca Cronauer on December 21, 2017

With the House passing the modified version of the Tax Bill on Tuesday afternoon, it’s looking like American families will be finding tax reform under their trees along with its usual gifts and sweets which are synonymous with the season.

By Rebecca Cronauer on December 8, 2017

It doesn’t take a legal expert to understand that a divorce typically results in the separation of two parties who previously acted as a financial, spiritual and social unit. Because parties tend to be highly dependent on one another prior to a divorce, New York law has recognized that the lesser earning spouse is typically entitled to maintenance payments (commonly referred to as alimony) for a certain duration of time. As the law currently stands, because money was transferred out of one spouse’s  income and into the other’s income, the tax law is currently structured to recognize this transfer and has allowed for a tax deduction by the spouse paying maintenance.

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