Divorce in Augusta, GA
All divorce cases in Augusta, GA must go through some kind of court proceeding. Even if the parties agree on property division and custody, visitation, and support issues, a court will still have to grant the divorce. In many states, divorce cases, contested and no-fault are handled by a special court generally known as “family court,” “domestic relations court,” or “divorce court.” These courts usually deal with only family-related cases like divorce, child custody and support, and sometimes, adoption. Divorce in Augusta, GA can be stressful for all concerned parties. The stakes are higher when there are children from the marriage. Divorce in Augusta, GA has tax implications. If you receive spousal support, you have to report it as taxable income. If you are paying spousal support, you can deduct it. If you receive spousal support, you must plan for the likely tax impact of the income. Unlike an employer, your earlier spouse will not hold back any taxes from your support check. You have to deduct spousal support payments on your income tax return, but not child support or property distributions. You can, also, make spousal support payments nontaxable and nondeductible if goes both ways and both spouses agree by stating as much in your marital settlement agreement. You might do this if the spouse getting support is in a higher tax bracket than the paying spouse or if the giving spouse doesn’t need the tax deduction and the receiving spouse doesn’t want to report the income.
———————————Shawn Gunder is an Augusta GA divorce lawyer & Georgia Military Divorce Lawyer He is an Augusta military divorce lawyer, GA child custody attorney and Augusta Georgia child support attorney.
Comments on this entry are closed.