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State of Tennessee Changes the Child Support Calculator! After about a decade of the same calculator, the state updated the Tennessee Child Support Calculator on May 10, 2020. The Parenting Plan Form has NOT changed (yet?). Some of the changes include: Changes to the child support amount based on updated statistics […]
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Nine rights for Tennessee parents!
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This month we are continuing our series on the new TCJA and how it impacts divorce… Filing Status Categories The new tax law keeps the current five filing “statuses” in place. They are currently: Single Married filing jointly Married filing separately Head of household Qualifying widow/er with dependent child Child Tax Credits and Standard Deductions […]
DetailsCurrent Tax Law There are many questions surrounding the new tax law and how it impacts alimony payments. Under the current law, alimony is tax deductible by the spouse paying it and is included as taxable income to the spouse receiving it. The current law is active in all divorces settled on or before December […]
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