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Marriage is sold to us as a partnership of equals. Two people, walking side by side, building a life together. But when that ...
Marriage is not just a romantic promise. It is a legal, social, and economic contract. When it breaks, the emotional cost may ...
The Supreme Court has dissolved a marriage separating since 2010, requiring the husband to pay Rs 1.25 crore in alimony to ...
Despite receiving alimony, she must work three part time jobs. She was a stay at home mom for most of her 21-year-marriage, so she collects a modest social security check.
The law was enacted after Barbara Bentley was ordered to pay her husband alimony after he was convicted of attempted murder. Bentley lobbied for the law to be changed in 1995 and was successful.
That is not the part that I found interesting. Here is the interesting part. At trial petitioner asserted that the $50,000 of alimony she reported on her 2007 tax return should be nontaxable.
Alimony was treated as a highly favorable, above-the-line tax deduction that reduced your taxable income even before your adjusted gross income was calculated. You can take above-the-line ...
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 ...
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.