In the past, divorced parties responsible for paying alimony to an ex-spouse had the ability to deduct such amounts from their federal income taxes. However, amid the significant tax bill signed into law in 2017, that rule is about to change. If you are paying or will pay spousal support, now is the time to pay attention.
If you are like most people, when it comes to their pet, they consider them a part of the family. Pets can be wonderful because for the most part, they never get mad at you and they are forever devoted to you. During a divorce, a pet may be there to comfort you when times are stressful. But what happens when the divorce is finalized? Who gets the pet?