Yes. If you have a source of income that is continuing, but erratic, (e.g.: sales commissions, etc) what you earn over a period of a year is averaged and that amount is added to your stable income when calculating your support obligation.
Alimony is spousal support that is paid after a divorce has been granted. Alimony can be paid on a recurring monthly basis, or it can be paid in one lump sum. After a divorce, alimony is granted to one spouse, so they can continue to enjoy the same standard of living, which they had during the marriage. The basic premise of alimony is that a former spouse should not have to suffer a diminished lifestyle because their marriage has ended. Typically, the individual receiving alimony is the ex wife, however alimony is not specific to one gender. There are extenuating circumstances which may lead to spousal support for a man. Alimony is usually paid to former spouses who did not work during the marriage, and the other spouse’s income was their only source of monetary support. Today, due to the prevalence of dual income families, granting alimony has almost become a relic of the past. Alimony is paid in only 15% of marriages which ends in divorce. Pendente alimony is temporary spousal support that is awarded to one spouse until the divorce decision is finalized. Rehabilitative alimony is temporary spousal support that is granted while the former spouse receives the necessary training and education to return to the workforce. Permanent alimony may be awarded to an elderly spouse who was married for a long period of time, especially if there is a disability or illness, which prevents them from working. The length of a marriage is one of the most important factors a judge will consider when awarding alimony. Couples must be married at least ten years before alimony is considered. Another important factor, which a judge will review, is the standard of living during the marriage. Under the Uniform Marriage and Divorce Act, a former spouse will not receive alimony if they have the ability to earn an income. Permanent alimony is until death, unless circumstances has changed, such as a remarriage or the children are older, and your ex spouse is able to resume working. In these circumstances, a couple can return to court to have alimony payments discontinued. Most states no longer consider fault when granting alimony. Alimony is awarded at the discretion of the court on a case by case basis. If you are getting a divorce, then you should obtain the services of a lawyer who has legal knowledge about family law, specifically laws pertaining to divorce and alimony. A divorce lawyer will be your advocate in fighting for your rights to receive alimony, so you don’t suffer financial hardships because of a divorce.
When a couple divorces, alimony is often ordered as part of the divorce settlement. In the state of Alabama, if a couple was married less than10 years, alimony is paid for half the number of years of marriage. If married longer than ten years, alimony could continue until the spouse dies or remarries.
It would vary based on how much of it is a taxable income and what kind of deductions are included.
It is possible to have some taxable income from any settlement from any source if you receive a 1099-MISC or even possibly a W-2 form for any of the amount you will know that you will have some taxable income that you will have to report on your 1040 income tax return.You will also be able to deduct some of the attorney fees using the schedule A itemized deduction up to the amount of taxable income that you have to report on your 1040 income tax return.Go to the IRS.gov website and use the search box for PUBLICATION 525 Taxable and Nontaxable IncomeCourt awards and damages. To determine if settlement amounts you receive by compromise or judgment must be included in your income, you must consider the item that the settlement replaces. The character of the income as ordinary income or capital gain depends on the nature of the underlying claim. Include the following as ordinary income.Click on the below Related Link
the monthly income of a lawyer on average is 2450
no
YES it is and it is entered on your 1040 income tax return line 11 Alimony received
nope, only takes the mother and fathers income into account. Spouses of the parents are not included
No. Your federal tax is not deductible from your income in determining state taxable income, hence any refund of it isn't included as taxable income.
Almost all unearned income is included in determining Medicaid spenddown. One notable exception is Supplemental Security Income (SSI). There are other exceptions.
None.
The alimony you get can increase based on the income of both spouses. If the person paying the alimony starts to make more money, they can be required to pay more based on a percentage.
Your wife can sue for alimony based upon her desire for supplemental income. However, if you were not working and she brought in all income, the suit will not win. If you cannot work and have disability income, then you need to contact an attorney so that your disability income is not garnished.
It is depending on the husband income in order to determine the amount of alimony that is allotted and the time of marriage.
Yes, depending on state rules and income limits for welfare. Alimony may not be the best choice for the custodial parent.
That's up to the judge in the divorce case. If your husband's income is significantly higher than yours, you'll probably get alimony. If your income is higher, you probably won't (and may even have to pay alimony).
No, it is not attachable.