From the cost of the lawyer to the loss of a spouse’s income, divorce often comes a high price. What’s more, spouses may walk away from the proceedings with significantly fewer assets and retirement savings. That’s not to mention the emotional toll of the process. “At the end of the day, divorce is terrible;” however,…
The bill would eliminate the tax deduction for alimony and make alimony income tax-free to the recipient for divorce decrees. Under current law, ex-spouses who pay alimony can deduct the expense from their federal income taxes; ex-spouses receiving alimony payments have to claim the money as taxable income. To see more, read here.
Pennsylvania has its own divorce laws regarding who is eligible to file for a divorce. Each state protects its jurisdiction and makes sure the appropriate laws are applied to the appropriate cases. To prevent your case from being dismissed, make sure you meet the Pennsylvania residency requirements. The most common mistake people make is…