Greenwich Divorce Attorney Paul McConnell publishes informative article on Connecticut child support tax

By Linda Barrett On Aug 2, 2023

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Greenwich Divorce Attorney Paul McConnell publishes informative article on Connecticut child support tax

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Greenwich divorce attorney Paul McConnell (https://www.mcconnellfamilylaw.com/is-alimony-taxable-in-connecticut/) of the McConnell Family Law Group has published an insightful article on the tax implications of alimony payments in Connecticut. This comprehensive article provides a wealth of information for those dealing with state support issues, explaining the nuances of taxation and the potential impact of recent tax laws.

Paul McConnell, a dedicated Greenwich divorce attorney, provides a detailed overview of the different types of alimony recognized in Connecticut, each serving different purposes depending on the circumstances of the divorcing couple. He emphasizes the critical importance of understanding the legal and tax implications of child support payments and offers the services of his firm to those who need help with this complex process.

The Greenwich Divorce Attorney continues to investigate the Tax Cuts and Jobs Act (TCJA) of 2017, which brought about significant changes to the tax treatment of alimony payments for divorces completed on or after January 1, 2019. “Under the TCJA, alimony payments are no longer provided for.” “They are deductible for the payer, and recipients don’t include them as taxable income on their federal tax returns,” explains McConnell. He insists on the need for legal and tax advice to fully understand the impact of these changes on individual situations.

The article also addresses the transitional rules for alimony agreements entered into before January 1, 2019. McConnell notes that such “grandfathered” support agreements generally continue to follow previous tax rules unless specifically stated in the agreement.

In his article, the Greenwich divorce attorney further distinguishes between the tax treatment of alimony and child support. He emphasizes that while child support payments may be taxable or deductible, child support payments are neither taxable income for the recipient nor deductible for the payer.

To help individuals understand their tax obligations related to a divorce, McConnell recommends consulting IRS Publication 504, which discusses various tax considerations for divorced or separated individuals. However, he emphasizes the importance of seeking professional support and tax advice in Connecticut to fully understand rights, responsibilities, and legal processes.

As for the value of professional advice, McConnell says, “Our attorneys work diligently to help our clients achieve a fair and equitable outcome in their maintenance cases. Knowing your rights and tax obligations will help you make informed decisions and protect your interests.”

For a fuller understanding of alimony and its tax implications, read Paul McConnell’s article. It provides an in-depth look at the subject and provides crucial insight and information that will help those navigating the complexities of Connecticut child support payments.

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About McConnell Family Law Group:

With offices in five convenient locations including Greenwich, the McConnell Family Law Group is dedicated to providing the advice and experience necessary to successfully navigate the Connecticut alimony process. The law firm is committed to the best interests of its clients and strives for an optimal solution when it comes to changing the state alimony payments. With an experienced team of family lawyers, they offer individual advice tailored to each client’s specific circumstances.

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email and website

Email: inventory@mcconnellfamilylaw.com

Website: https://www.mcconnellfamilylaw.com/

media contact
Company Name: McConnell Family Law Group
Interlocutor: Paul McConnell
E-mail: Send e-mail
Phone: (203) 541-5520
Address:500 West Putnam Ave
City: Greenwich
Condition: Connecticut 06830
Country: United States
Website: https://www.mcconnellfamilylaw.com/

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