Alimony, or spousal support, is a factor in many divorces in Providence, Rhode Island. The IRS shows that people received over $10.4 billion and paid over $12.6 billion in 2016. Until 2017, alimony was tax-deductible to the payer and taxable to the recipient. Tax...
Month: February 2022
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How debts are typically divided in a divorce
Rhode Island is an equitable distribution state, which means that in a divorce, assets are divided by the court based on a number of factors. It also means that debts may be divided pursuant to the same principles. When was the debt acquired? Typically, you aren't...