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Our partner, Joy Feinberg is often sought for comments on divorce issues by reporters throughout the country. She was recently quoted in the Tampa Bay Times discussing the upcoming tax changes to maintenance (alimony) deductibility. When asked if the loss of deductible maintenance would reduce divorce and keep people married, Ms. Feinberg stated the obvious:
“Anybody who thinks that is absolutely out of their minds,” said matrimonial attorney Joy Feinberg in Chicago. “I would say that the biggest hurt comes (for people who make) between about $60,000 and $500,000 in income for both. Stay-at-home moms and dads are really being hurt. There was just no reason to do this.”
The ability to deduct maintenance terminates on December 31, 2018. Agreements and divorces must be completed by that date for deductibility to be allowed. Divorce lawyers are trying their best to get matters completed before year end. We at BOYLE FEINBERG SHARMA are doing all we can to accomplish the goals of our clients.
|Children and Divorce
The Child-Parent Relationship After High-Conflict Divorce
Have you considered how your high-conflict divorce will affect your child-parent relationship?
|Coping with Divorce
How to Relocate After Divorce in an Eco-Friendly Way
Learn what steps you can take to relocate after divorce in a less stressful and eco-friendly way.
Can You Receive Social Security Benefits Based on Your Ex-Spouse’s Work Record?
You AND your ex’s current spouse could be eligible to receive benefits based on your ex’s work record.
|Parenting and Step-Families
Building a Happily Blended Family
A blended family offers more family members to love and be loved by your child.
|Co-Parenting after Divorce
9 Tips for Co-Parenting During the Summer
To reduce the stress of co-parenting during the summer, resist the urge to compete with your co-parent.