Stephanie Shannon Law, LLC
  • Legal Services
    • Divorce/Legal Separation
      • Divorce Process in Colorado
      • Divorce Process Checklist
      • Uncontested vs. Contested
      • Military Divorce in Colorado
    • Colorado Child Support
      • Colorado Child Support Calculator
    • Custody (Parenting Time)
  • About Us
  • Blog
  • Contact Us
  • Legal Services
    • Divorce/Legal Separation
      • Divorce Process in Colorado
      • Divorce Process Checklist
      • Uncontested vs. Contested
      • Military Divorce in Colorado
    • Colorado Child Support
      • Colorado Child Support Calculator
    • Custody (Parenting Time)
  • About Us
  • Blog
  • Contact Us
Divorce / Legal Separation and the New Tax Law
Home » Family Law » Divorce / Legal Separation and the New Tax Law
Stephanie Shannon Law, LLC
  • Legal Services
    • Divorce/Legal Separation
      • Divorce Process in Colorado
      • Divorce Process Checklist
      • Uncontested vs. Contested
      • Military Divorce in Colorado
    • Colorado Child Support
      • Colorado Child Support Calculator
    • Custody (Parenting Time)
  • About Us
  • Blog
  • Contact Us
  • Legal Services
    • Divorce/Legal Separation
      • Divorce Process in Colorado
      • Divorce Process Checklist
      • Uncontested vs. Contested
      • Military Divorce in Colorado
    • Colorado Child Support
      • Colorado Child Support Calculator
    • Custody (Parenting Time)
  • About Us
  • Blog
  • Contact Us

Divorce / Legal Separation and the New Tax Law

January 8, 2018 3:57 am Comments Off on Divorce / Legal Separation and the New Tax Law SS Law Admin

The way spousal maintenance is calculated in a divorce or legal separation is likely going to change. Right now, spousal maintenance counts as income for the party receiving it, not for the party paying. However, the new tax law that was passed by Congress changes this for any divorce or separation agreement executed after December 31, 2018. If you are receiving spousal maintenance, this amount will no longer count as your income for tax purposes. If you are paying maintenance, the amount you pay will count as your income.

When Colorado’s statutory guidelines for spousal maintenance were created, spousal maintenance counted as income for the party receiving it, not the party paying. With the change to the way these amounts are taxed, there may also come further changes to the way spousal maintenance is calculated.

This is a big change to the current law and it is not clear how it will play out, or what the final effect will be. If you have questions about how this may affect your spousal maintenance order, current case, or future case, feel free to contact Stephanie Shannon Law to schedule a free 30-minute consultation.

« Previous
Next »
  • Facebook
Disclaimer: Nothing on this site, including completion of the contact form, is intended to create an attorney-client relationship.

You may view our privacy policy here.

 

© 2019 Stephanie Shannon Law, LLC
Scroll to top
Skip to content
Open toolbar Accessibility Tools

Accessibility Tools

  • Increase TextIncrease Text
  • Decrease TextDecrease Text
  • GrayscaleGrayscale
  • High ContrastHigh Contrast
  • Negative ContrastNegative Contrast
  • Light BackgroundLight Background
  • Links UnderlineLinks Underline
  • Readable FontReadable Font
  • Reset Reset