Category: Uncategorized

New Federal Tax Law Eliminates Deduction for Maintenance Payments for Agreements Signed After December 31, 2018

As with all hurridly drafted and passsed legislation, often there are included provisions with enormous impact that receive little public discussion.  This is true of the federal tax reform bill awaiting signature by President Trump.  The new law will eliminate the tax deduction for payment of maintenance.  Maintenance will remain income to the recipient.  I […]

More maintenance changes coming

Yet more changes are coming to computing maintenance, formerly known as alimony, in Illinois. NOTE – THIS LAW IS NOW EFFECTIVE JANUARY 1, 2018.  The original effective date was June 1, 2018.  Public Act 100-0520 amends the existing maintenance portions of the Illinois Marriage and Dissolution of Marriage Act.  Currently, the maintenance “formula” applies to […]

An Overview of Income Shares

Computing child support in Illinois changed effective July 1, 2017.  The “income shares” approach uses both parent’s income to determine a base child support amount, and then allocates that support amount between the parties, depending on each party’s percentage share of the total income.  For the parent with whom the child/children reside, the law presupposes […]