Van Schwab 12-20-17

Van spoke about how the new tax plan will affect child support payments. There is a standard formula based on the parties ability to pay not taking into account accumulated debt. The party paying the support has been able to deduct the amount from their federal taxes but that is scheduled to stop in 2018.

Child care credits are scheduled to increase but the party allowed to take it may change.

Give Van a call if you are considering divorce and have questions about paying maintenance.

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