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Oak Park spousal maintenance attorney2019 will bring a significant change to post-divorce life for many Americans, due to the 2017 federal tax reform legislation that will reverse a provision that dates back seven decades. For divorces which are completed on January 1, 2019 and afterwards, individuals who pay spousal maintenance (alimony) to a former spouse will no longer be able to deduct that amount from their taxes, a deduction which has been allowed since the 1940s. Also, individuals who receive spousal maintenance will no longer be required to declare those payments as taxable income.

This modification is expected to add a substantial amount to the U.S. Treasury’s bottom line each year. In 2010, approximately 600,000 Americans claimed the alimony tax deduction, which added up to more than $10 billion.

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Hillside IL divorce lawyerAlimony - which is called spousal maintenance in Illinois - used to be a common factor in a divorce, and it was usually awarded to wives. Often caretakers and homemakers, women in the past often lacked the skills, experience, or resources to support themselves immediately after divorce. Times have changed, however. Today, more and more wives are becoming the primary breadwinners of their families, and more husbands are staying home. Because of this, many women are now finding themselves on the paying side when it comes to the subject of alimony in a divorce. Unfortunately, this kind of “role reversal” in a divorce can have serious implications.

Women Remain Disadvantaged in Divorce

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