If you’re considering getting divorced in the future in Oakland County, you need to know that the new Tax Cuts and Jobs Act (TCJA) will be changing the way alimony is taxed for all separations and divorces after 2018. What does that mean, and how could it affect your finances in the future? We’ll explain……
Need extra cash so your band can cut their first demo? Simple – PledgeMusic has you covered. Want to raise money for your grandmother’s cancer treatments? GoFundMe is probably one of your best options. Have a great idea for a new business venture, but you don’t have the cash to get it off the ground?…
If you’ve been paying attention to the news, then you know that tax laws are changing. On December 22, 2017, President Trump signed the Tax Cuts and Jobs Act, which cuts the corporate tax rate, the individual tax rate, and the income tax rate. It also doubles the standard deduction and eliminates personal exemptions. But…
In our introductory article in this two-part series, we talked about the importance of both spouses having a handle on your family’s finances. Not because one of you isn’t equipped to handle it, but because life is unpredictable. Should something unplanned take place, like disability, death or divorce, perhaps you won’t have to pay an…
Welcome back. In our previous article we discussed a few tax tips for alimony, spousal IRAs and even name changes. This week we share with you some pointers about Health Care Laws that you may need to consider during tax season. However, before we begin we remind our readers that both health care laws and…
A few weeks ago we provided our readers with a two part list full of tax tips for parents. That blog focused on things like claiming dependents and the child tax credit. However, these tips aren’t much good for people who aren’t married and don’t have children. So with that in mind, we have compiled…
Welcome back! We know taxes aren’t the most exciting subject, but we also know that most people could stand to save a few bucks. Hey, it’s tax time right? So we put his list together for you with pointers on how to save money this tax season. In the previous segment, we talked briefly about…
Thanks for joining us again for this look at what you need to know about child support in Michigan. While both custody and child support are subjects that come with a fair share of frustration, it is critical that you abide by the orders of the court. Not following the court’s orders in just about…
Divorce is a very hard time for everyone involved. Although, while it’s difficult from an emotional and mental standpoint, there are also significant financial issues you need to take into account. Going from a dual-income family to being the sole earner can be very challenging. For women, this is an even greater challenge if they were homemakers…
Divorce can be a very hard time for families. However, while it’s already difficult from an emotional and mental standpoint, there are also financial ramifications to consider. Going from a dual-income family to being the sole earner can be very challenging. This is an even greater challenge for women who were homemakers before the divorce.…
