Divorce Time Flies

The New York Times is the latest media outlet noting that a new tax law – that took effect in January – has added a new urgency for many Americans contemplating divorce. Why would a new tax law have such an impact on divorce? Beat the Clock As the New York Times...

The 2018 Divorce Rush?

Experts predict a surge in divorce cases this year. Why is this year different from all other years? Because in all other years, alimony is deductible to the spouse paying alimony, and next year that deduction will be eliminated. What’s Happening to Alimony?...

Divorce & April 18th Tax Day

That is not a typo. Tax Day in the U.S. this year is on April 18th. And, if you divorce as of 11:59 p.m. on December 31st, you can file as single for the entire year. Filing “single” might be better for you, and after a divorce, every cent counts. Some people may be...

Divorce to Save Taxes? The Marriage Penalty Tax

On behalf of Ronald H. Kauffman, P.A. posted in Divorce on Friday, May 31, 2013. Being married comes with joys, sacrifices, tax penalties and . . . wait, tax penalties? The marriage penalty is the situation where a married couple pays higher income taxes than they...

Can Divorcing Save You Money in Taxes?

On behalf of Ronald H. Kauffman, P.A. posted in Divorce on Sunday, January 6, 2013. There are many good reasons people have for getting divorce. But should you get divorced for the money saved on tax filing status? The Eleventh Hour agreement to avoid the fiscal cliff...