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Pittsburgh PA Divorce & Family Law Blog

Welcome to the blog for the Law Offices of Scott L. Levine, LLC, an information source for Pittsburgh Family Law news, PA and Allegheny County Family Court developments and articles on specific domestic relations law topics including custody and child support updates.

Law Offices of Scott L. Levine, LLC
425 1st Ave - 6th Floor
 Pittsburgh, PA 15219
(412) 303-9566

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Wednesday, December 20, 2017

New Tax Plan and its Impact on Family Law and Alimony

With the new tax bill on the cusp of being signed into law, what does that mean for you?

Alimony status will remain unchanged for 2018, but for 2019 will not be a deduction for payor or income to payee. Spousal Support (allocated) should be treated same.

This will likely cause changes to PA law for support calculations since the current system utilizes 40% difference of net income for those without children and 30% of net income for cases with kids.

This will also touch ancillary issues of who gets relief at tax time, since personal exemptions are gone but child credits are increased slightly.

Largest impact looks to be for divorcing couples with and without children who will have a future support component (Alimony) to the division of their property and are trying to produce a settlement agreement or Order from Judge or Master for Equitable Distribution. Bottom line, strategy will change, planning will change, negotiations will change, we will change too and respond accordingly. 

Wed, December 20, 2017 | link 

Monday, December 4, 2017

New Tax Plan Could Mean Major Change for Alimony

It appears that the latest version of the newest Tax Reform will have a major impact on divorce negotiations currently in process and all new cases.

In short, presently Alimony is deductible to the payor and includable to the payee.

However, problems with each ex-spouse utilizing different figures for these payments have been the basis for removing them all together.

This will have a huge impact on the person paying alimony and all pending and future settlements or proposals in litigation will need to be scrutinized using a whole different perspective.

While nothing has passed yet, it appears that this aspect of the probable new law will remain when the final bill has its final vote. So stay tuned and be careful if you're presently in the midst of divorce negotiations. 

Mon, December 4, 2017 | link 


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Law Offices of Scott L. Levine, LLC
425 1st Ave - 6th Fl., Pittsburgh, PA 15219
Phone: (412) 303-9566 - Fax: (412) 202-3852

The material provided on pghdivorce.com is provided as general information only and in no way does it constitute legal advice or establish any attorney-client relationship. No one should rely on this information when making important decisions about a legal matter. If you are in need of legal assistance you should contact a lawyer who practices in the jurisdiction where you live.