When a person in the Pittsburgh area decides to divorce, they may be very concerned with what their financial life will look like post-divorce. This may be especially true if they earn significantly less than their ex, or if they have been out of the workforce while...
Women can no longer expect alimony even as homemakers
It is natural for a woman who gave up her career to tend to the home to believe she will get spousal support after a divorce. After all, she lost a significant amount of income and perhaps gave up her peak earning years in Pennsylvania to care for the family. Even...
Alimony may cost you even more because of tax law changes
In 2018, many divorcing couples in Pennsylvania rushed to finalize their divorce before new tax laws took effect on January 1, 2019. Why was this? CNBC notes that at the start of 2019, alimony payments were no longer tax deductible under the tax reform. In contrast,...
More women are paying spousal support
Women in Pennsylvania are often shocked to find that they may be responsible for paying alimony after divorce. In fact, according to MarketWatch, more women are paying alimony than ever before. In a recent survey, 45 percent of lawyers reported an increase in women...
Significant alimony tax changes for 2019 and onward
You have been thinking about divorce for a while now, and you have been doing your research. While you have not actually talked to your spouse about it or filed for divorce, you want to make sure you're ready if it comes to that. You know it's wise to plan in advance...
New tax law could make divorces more contentious
Much has been said about the new tax law passed through Congress and signed by President Donald Trump in December, both positive and negative. One aspect that seems to be affected and could impact the next year is how the law changes the taxes associated with...
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