Proposed Tax Plan Would Hurt Divorced Families

According to The Wall Street Journal reporter, Laura Saunders, the proposed Tax Plan will make being divorced even more costly and will have a direct impact on custodial parents and their children. The new bill proposed by the House would eliminate the existing tax deduction that payors of maintenance receive. According to existing law, when a higher earning former spouse pays maintenance to the lower earning former spouse, the payor receives a...

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College Room and Board Credit for Child Support Payor

Please see the attached post from Fabienne Swarz of Financially-Strong.com.  New York law currently permits a child support payor to deduct from child support those sums paid to a college for the student’s room and board.  Ms. Swarz reveals how this credit results in an unfair burden to the custodial parent to fund that child’s living expenses and how it effects the custodial parent’s ability to maintain the home, both for the...

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