Tag Archives: Divorce
Potential Tax Effect on Alimony Payments in Texas
The tax legislation is not finalized yet. But the version coming from the House of Representatives changes the present law which currently allows a tax deduction to the spouse making the payments and is taxable income to the recipient. Many divorce settlements in Texas are reached through mediation where the divorcing couple and their attorneys […]
Dividing Home Equity in a Texas Divorce
In many states, the two most common options to divide the marital homestead in a divorce are either for the parties to agree to a sale, or for one of the divorcing parties to buy out the interest of the other. This certainly occurs in Texas as well, but sometimes neither of these two options […]
