Faupel Musser Love, P.C.

spousal support Archives

The new alimony law may provide a tax break for paying spouses

When President Donald Trump signed the Tax Cuts and Jobs Act into law a few months ago, it made it where come Jan. 1, 2019, alimony will no longer be able to be taken as a deduction on a paying spouse's taxes. It also made it where the recipient wouldn't have to pay taxes on those funds anymore either. What many haven't heard about though is how the new law allows paying spouses to continue taking a tax break.

What you need to know about Michigan spousal support

The employment of spousal support, also referred to as alimony, occurs in cases where it’s necessary to even the economic playing field while the couple adjusts to life apart. If a couple cannot agree to terms of spousal support, determination about eligibility and amount are at the discretion of the Michigan court system. The amount of spousal support allowed is based on a wide variety of factors.

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When you are facing a difficult legal situation, turn to Faupel Musser Love, P.C. For a free initial 15-minute phone consultation, call 734-881-9484 or to schedule an in-office appointment, contact us online.

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