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2-time WNBA MVP ordered to make one-time alimony payment

Many may go into divorce proceedings in Reading thinking that an award of alimony to one side will be automatic. They may be unpleasantly surprised to find out that alimony is not a given. Spousal support is not meant to be punitive towards one side in a divorce agreement in any way; rather, it is supposed to help one side support him or herself until he or she is able to finance the same standard of living he or she enjoyed while married on his or her own. This also reveals another misunderstood fact about alimony: It typically is not meant to be permanent. It may be paid for a predetermined period of time, or be revoked upon the review of the court that ordered it. 

How does the new tax law affect my spousal support payments?

If you are a divorced Pennsylvania resident who pays or receives spousal support, you should know how the Tax Cuts and Jobs Act passed by Congress late last year and signed into law by President Trump on Dec. 22, 2017, affects your payments. As Market Watch explains, this new law eliminated the alimony deduction, a staple of divorce negotiations since the World War II era.

Spousal support to undergo tax change

Dividing assets and debts when getting divorced can be one of the hardest parts of coming to an agreement during a divorce for couples in Pennsylvania. This is in part related to how hard it can be to part with hard-earned assets but it may also be challenging as the decisions made may have serious tax implications for one or both parties. When it comes to evaluating the possibility of one person making spousal support payments to the other, these tax implications are about to change dramatically.

Do divorced women still need alimony?

This is one of the best times in history to be a woman in the United States. A mere century ago, women lacked the right to vote and were generally treated as property by their husbands. Now, women have the same legal rights as men and can be just as successful. Unfortunately, like many other women in Pennsylvania and elsewhere, you might still find yourself at a financial disadvantage after a divorce.

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