Historically, the husband was considered to be the breadwinner of the household. Even when women began working outside the home, husbands typically earned more money. Since alimony is largely based on the income and earning capacity of spouses, the most common arrangement was for men to pay support to their…
The income of each spouse is the most significant factor when calculating alimony obligations, but there are many factors that can complicate spousal support figures. If the spouse receiving support is able to work but chooses not to, the court may impute income, which means they will use the amount…
Tax season for the 2024 tax year will come to a close for most people in the next month. Filers who make regular support payments to ex-spouses or children may wonder whether these payments are deductible on their federal taxes. Alimony is typically deductible while child support is not, but…