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Divorce and Family Law Attorney

50 Northcrest Drive, Council Bluffs, Iowa 51503

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Monthly Archives: February 2021

Alimony & Tax Consequences

By Feb 17, 2021 Posted in Articles

            Pursuant to the Tax Cut & Jobs Act of 2017, beginning in January of 2019, any Decree of Dissolution of Marriage entered after January 1, 2019, where alimony is awarded to a party, the party receiving the alimony was no longer required to claim the alimony as income and the person paying the alimony was no longer eligible to deduct the alimony from his/her income.             The Biden Administration could change this legislation to […]

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Which Parent Gets the Child’s Stimulus Check?

By Feb 10, 2021 Posted in Articles

     Under the Coronavirus Aid, Relief, and Economic Security (CARES) Act, most Americans are eligible for another round of stimulus checks (also called Economic Impact Payment). Individuals who reported adjusted gross income of $75,000 or less on their 2019 tax returns will receive $600 each and $600 per child. The same goes for couples filing jointly with $150,000 or less of adjusted gross income or $112,500 or less for head of household. The Biden […]

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Student Loan Debt May Have Financial Implications On Your Divorce

By Feb 2, 2021 Posted in Articles

           The cost of education has skyrocketed over the past twenty-five years in the United States.  Whether attending college, university, and/or graduate school, most individuals obtain federal or private student loans to finance a portion or all of their secondary education.  Should a party incur student loan debt prior to entering into a marriage, said debt will most likely be considered a pre-marital liability in a divorce action.  Therefore, the student […]

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50 Northcrest Drive, Council Bluffs, Iowa 51503
Phone: 712.256.9899

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