Can My New Jersey Alimony be Taxed?

New Jersey alimony tax

After years of marriage, you’re getting divorced. If you earned a lower income than your spouse or if you helped put him or her through school, you might qualify for alimony, the monthly payment intended to help the lower-earning spouse remain financially stable following a divorce. While there is a lot of information online on […]

How Is Alimony Calculated in New Jersey?

alimony calculated new jersey

Alimony is a term that many recognize, but it’s often misunderstood. Also known as spousal support, alimony is financial support provided to a spouse under specific circumstances during and after a divorce. In New Jersey, there is no set formula for determining the amount and length of alimony payments, which can make estimating an amount […]

What New Jersey Alimony Laws Mean for You

New Jersey alimony

Figuring out finances is often at the top of priority list during a divorce. One of the most contested pieces is alimony (also known as spousal support), where the court determines an amount one spouse must provide to the other on a monthly basis. There are many factors that go into determining the final number […]

More Women Are Paying Alimony in New Jersey

Women paying alimony in New Jersey

There has been a shift in the financial dynamics of the American family. As recently as twenty years ago, most families saw the husband as the primary breadwinner. But a shift in the dynamic of the American household has more women opting to start their careers first, before starting a family, and then earning more […]