It is no secret that inflation is driving the cost of living higher and higher in the United States. Not only are things becoming much more expensive, but prices are also rising at a faster rate than most of us can remember. Not too long ago, the inflation rate in the United States was just 1.4%. In…
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Courts can employ all kinds of tricks to ensure that parents pay their child support on time. First, they can take the money straight from a parent’s paycheck each month. If that does not work, they can take the money out of their tax return. If the parent still is not getting the message, courts…
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We have all heard the horror stories of parents being bankrupted by unreasonably high child support payments. Stories of fathers living in one-room apartments while their former spouse lives in a mansion with the kids. Tales of dads just barely scraping by and working three jobs to make their child support payments for their three…
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Many spouses have questions about how child support and alimony might impact their taxes after a divorce. While many of these questions are relatively easy to answer, a few surprisingly complex issues may arise. Aside from child support and alimony, there are many other factors that might affect a spouse’s tax considerations during a divorce.…
DetailsMany parents are concerned that child support payments are not being spent responsibly by the custodial guardian. This is an understandable concern. After all, it goes without saying that child support payments should be spent to ensure the well-being of the child. A parent who uses this money for frivolous and self-serving expenses is obviously…
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