Hoge Partners, PLLC

June 2019 Archives

Co-parenting requires close communication with your ex

A co-parenting relationship is one that is best for the children, but it is sometimes difficult for the parents. When you are in this situation, you have to take the time to think about what type of relationship you are comfortable having with your ex. If you're co-parenting, you will be working closely with them.

How does the new tax law impact divorce settlements?

New tax law is not only affecting people’s standard deductions but also for the first time in 70 years, it is affecting the rules of alimony. While under the previous tax law, alimony payments were tax-deductible for the payer and counted as taxable income for the payee, beginning in 2019 the rule has changed. If you reached an alimony settlement after the first of the year, you will no longer be able to write it off as a deduction and the ex-spouse receiving it, will no longer have to report it as income. 

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Hoge Partners, PLLC
239 5th St
Suite 600
Louisville, Kentucky 40202

Phone: 502-996-8069
Fax: (502)-583-1223
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