The tax change on alimony was not an act of altruism. The Joint Committee on Taxation has estimated this single provision will increase revenue to the IRS by approximately $6.9 billion over 10 ...

Alimony and child support are terms used in discussions surrounding divorce and separation, but they refer to very different financial responsibilities.

Alimony, or spousal support, is when one ex-spouse is required to make regular payments to the other ex-spouse after they get divorced. Every state has its own laws that govern this issue, and the ...

A Reddit user shared how their friend represented himself in court in his divorce case and successfully escaped the burden of alimony payments.

Yes, regular alimony payments can be modified (up or down). As some NFL ex-wives may soon discover, a judge can reduce alimony if there is a significant negative change in the payor’s financial ...

Yes, there are. For instance, in certain circumstances, divorcing women should consider the benefits of an Alimony and Maintenance Trust (also known as a Section 682 Trust).

Under current law, the payer would have a tax bill of $13,015, based on income of $68,000 net of alimony. The recipient would pay $4,183 in tax on the alimony. Combined tax: $17,198.

Alimony dates back centuries. The original idea was that once married, a man is responsible for a woman till death. But that notion has shifted in recent decades, as more women have jobs and their ...

Discrepancies between the amount of alimony deducted by payers and reported as income by its recipients increased by 38% in six years, to $3.2 billion for tax year 2016, the Treasury Inspector General ...

Brandon Blackstock, singer Kelly Clarkson's ex-husband and famous talent manager, has died after battling cancer, his family ...