Sentences with phrase «require alimony payments»
Under the new law, a marriage of five years or less may require alimony payments for half the length of the marriage.
https://www.indianainjuryandfamilylawyerblog.com/ Not exact matches
«Andrew didn't pay child support or alimony for the past 2 1/2 years until a few weeks ago, and then he continued to leave out the payments for education and health care, which he's required to pay.
Tax laws change every year, but adjustments to income typically include expenses you incur as an educator to purchase supplies and materials for the classroom, moving expenses that relate to starting a new job, student loan interest and tuition payments, alimony payments you're required to make, contributions to your IRA accounts and a number of others.
An agreement may require two policies: one to secure alimony, and one to secure child support payments.
If you take over certain loan payments, make less money than your former spouse or are required to make alimony payments, you will need to re-establish your monthly budget and financials.
In order for alimony payments to be deductible, federal tax laws and regulations require the following:
Here's another frequently forgotten little nugget about life insurance, which is typically required to guarantee the payment of alimony if you should die while your obligation to pay alimony is outstanding.
If the divorce or separation agreement requires you to pay these premiums, and your spouse owns the policy, then you may be able to deduct those premium payments as alimony.
Under the new law, the paying spouse will not be able to deduct alimony payments from income and the receiving spouse will not be required to pay tax on the alimony income.
Oftentimes in a divorce agreement, life insurance coverage will be required in order to secure both alimony and the payment of child support.
It is probable that even if you receive alimony payments, you may be required to find employment in order to meet your living expenses.
Under the new tax law, the higher earning spouse will be required to pay all of the tax on the funds used to pay spousal maintenance or alimony and the recipient will get the payments tax - free.
Ask the court to require wage garnishment for the payment of alimony after you have obtained a judgment showing your ex-spouse owes arrears, i.e. past due payments, to you.
Husbands often want to know whether a Pennsylvania court can require ongoing alimony payments to their wives after divorce.
(4) «Depository» means the central governmental depository established pursuant to s. 61.181, created by special act of the Legislature or other entity established before June 1, 1985, to perform depository functions and to receive, record, report, disburse, monitor, and otherwise handle alimony and child support payments not otherwise required to be processed by the State Disbursement Unit.
Here's another frequently forgotten little nugget about life insurance, which is typically required to guarantee the payment of alimony if you should die while your obligation to pay alimony is outstanding.
If a divorce or separation agreement requires you or your spouse or former spouse to pay home mortgage interest on a home owned by both of you, the payment of interest may be alimony.
From a lender's perspective, this includes liabilities like outstanding loans (car, student, or other personal loans), required alimony or child support payments, and credit card debt.