Changes in the Spousal Support Tax Laws and What this could mean for you.

The divorce attorneys at Spitler Huffman law firm have substantial experience representing clients in family law.  Located in Bowling Green and Rossford, Ohio we are dedicated to serving clients in Northwest Ohio including Wood, Henry, Hancock, and Sandusky Counties.  If you live in Bowling Green, Findlay, Perrysburg, Napoleon, Port Clinton, Fremont, Rossford, or other areas in Northwest Ohio and need assistance with a divorce or dissolution, contact us today.

Since the enactment of the Tax Cuts and Jobs Act (“TCJA”) in December of 2017, substantial changes have been made to the application of Ohio’s spousal support that are important for families to consider when making the difficult choice to separate. 

First, it is important to note that TCJA applies to domestic relations matters (i.e., divorce and dissolution proceedings) that conclude on or after January 1, 2019.  Second, it is important to be aware that a person paying spousal support pursuant to an order that was issued on or after January 1, 2019 may no longer deduct that payment from their individual income taxes.  Similarly, and equally important to know, is that the TCJA no longer requires the receiving spouse to claim that income.  Finally, given the unique issues in every domestic relation matter it is important to know your options.

Please give our office a call with any questions or to discuss your personal situation.

IRS Circular 230 Statement Applicable: To Tax Advice, If Any, Contained In This Communication

Treasury Regulations require us to inform you that neither you nor any other recipient may use any tax advice in this communication to avoid any penalty that may be imposed under federal tax law.  To obtain penalty protection, the new Regulations require attorneys, accountants and other tax advisors to perform increased due diligence to verify all relevant facts and to format the written tax advice in a lengthy number of separately enumerated sections with numerous disclosures.  If you would like us to prepare written tax advice designed to provide penalty protection, please contact us and we will be pleased to discuss the matter with you in more detail.