SPOUSAL SUPPORT

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Spousal support, otherwise known as alimony or maintenance, is the payment of money from one spouse to the other after the marriage is terminated. While there is no general rules on the amount of spousal support, the Courts will look at several factors including but not limited to the duration of marriage, the education of the parties, the income of the parties, the standard of living during the marriage, and the physical health of the parties.

 

As of January 1, 2019 spousal support will no longer be deductible for tax purposes by the payor and will no longer be income to the payee.