Tag Archives: DuPage County alimony lawyer

IL divorce lawyerAlimony, also referred to as spousal support or maintenance, is often a point of contention amongst spouses who are going through a divorce. The paying spouse may feel like they are being asked to give more than they can afford or more than what their husband or wife deserves or needs, and the receiving spouse probably feels the opposite. As the lower-earning spouse, they might have given up their own goals to support the career of their spouse or to be a homemaker or primary caregiver for their children. Now that divorce is imminent, they have financial needs that they cannot meet on their own. Contrary to popular belief, permanent alimony is rarely awarded. Alimony is usually temporary and comes in the form as bridge the gap alimony, which helps keep the lower-earning spouse afloat during divorce, or rehabilitative alimony.

What Rehabilitative Alimony Is Used For

Rehabilitative alimony is awarded at a set amount for a period of time long enough for the lower-earning spouse to complete a bachelor’s or advanced degree or finish up specific job training. It can be used for tuition, books, non-college educational or training classes, vocational training, and other expenses such as food, rent or mortgage, and other expenses that the spouse would normally have during this period of ”rehabilitation.”

Alimony Is Awarded to Provide a Lower Earning Spouse The Means to Self Sufficiency

One of the general goals of alimony is to provide the lower-earning spouse the ability to support the lifestyle they grew accustomed to during the course of the marriage. There are a variety of reasons that the lower-earning spouse might struggle to support themselves in the months or years after the marriage is dissolved. These include the following:

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IL divorce lawyerThe new tax law that went into effect at the start of 2019 harms women in a variety of ways. From lower spousal support payments to higher taxes due to children not qualifying as a deductible, the so-called “Tax Cuts and Jobs Act” can have serious consequences for women and men getting divorced in 2019, and those who are planning to modify an agreement as well.

Alimony Is No Longer a Tax-Free For the Payee

Under the new tax rules, spousal support is no longer tax-deductible for the spouse who pays it. While the new law gets rid of the rule that made alimony as taxable income for the lower-earning spouse, the fact that it is not tax-deductible for the paying spouse means that there is overall less money for the lower-earning spouse.

Tax Deductions for Having Children

Tax exemptions reduce a spouse’s taxable income. The previous tax law included a $4,050 exemption for each dependent, which the new tax law has entirely eliminated. This means that many single mothers will have a taxable income equivalent to $4,050 more than in years past, which can have serious negative consequences. For a mother with two children, her taxable income will now be $8,100 greater. On the other hand, the child tax credit was doubled from $1,000 to $2,000 under the new law, and more families will now qualify because the income thresholds have been significantly reduced. To qualify for the child tax credit, the child must have lived with that parent for at least half of the year. While a parent can now receive up to twice the amount as before under the new law, the significant increase in taxable income due to child tax deductions means that many single mothers may have to stretch the budget even diligently.

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