Articles Tagged with alimony tax

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Board Certified Family Law Specialist Matt Arnold answers the question: “When do you get alimony?”

We have previously mentioned the possibility that the Republican tax plan currently before Congress could have some unexpected impacts. Though most news reports have focused on the tax cuts for millionaires and billionaires, there are many other smaller changes that will impact wide swaths of society. One of the underreported examples involves alimony.

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Board Certified Family Law Specialist Matt Arnold answers the question: “When do you get alimony?”

A recent article in the Chicago Tribune discussed the sad case of the divorce of the founder of the Cancer Treatment Centers of America. He and his wife have been embroiled in a dispute for more than eight years now and continue to fight about what share of the marital estate his wife is entitled to. The woman is asking for more than $400,000 a month in spousal maintenance, an astronomical sum to most people. One of her arguments supporting such a figure is the idea that taxes take a big bite out of what she’s already received and she needs more to comfortably pay her bills.