How the New Tax Law Affects Alimony Payments in NJ

The Tax Cuts and Jobs Act passed in late 2017 and signed into law by President Trump stipulates that for all divorce agreements entered into after Dec. 31, 2018, an ex-spouse paying alimony will no longer be able to deduct it from his or her federal income taxes. The ex-spouse who receives alimony will potentially…

How New Jersey Alimony is Calculated

If you are considering or are currently going through a divorce in New Jersey, alimony will be one of the factors that is likely to play a large role in your divorce negotiations. Unlike some other states, New Jersey courts do not use specific alimony calculators to determine support. Instead, a judge will weigh 13…