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alimony & spousal support Archives

How alimony might affect your 2017 tax return

A new year means W2s and other paperwork arriving which forces us to turn our attention to our 2017 taxes. With that fiscal year closed, those who are new to a divorce settlement that includes alimony or child support may have questions about how this impacts their tax return. While it may actually be simpler to file as an individual, rather than as a couple in year's past, you may be finding this process as unfamiliar, especially if your ex-spouse usually handled the financials and the tax return.

Do courts have discretion when determining alimony awards?

When thinking about what it takes to make a marriage and build a life together, a lot goes into this process. Of course, a person's love and attention to their spouse and other family members. There is the financial aspect, where two people build their lives together. And then their are other aspects, managing personal growth among the marriage and those responsibilities.

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Serving In Charlotte And Throughout Mecklenburg County