There aren’t any changes to Illinois spousal maintenance law that will take effect on January 1st, 2020. The federal tax reform in 2019 introduced many changes, which pushed back some of the Illinois government’s agenda for 2020. We may see alterations later in the year, but for now, it is best to have a clear understanding of changes that were made in 2019 and how they will impact spousal maintenance law in 2020. Highlights of these amendments are as follows:
Spousal maintenance is no longer tax deductible for the payor, and no longer counts as taxable income for the recipient;
The threshold for judges having discretion to deviate from statutory guidelines for calculating the amount of maintenance has been raised from $250,000.00 to $500,000.00 combined income;
If maintenance is deemed inappropriate by the court, both parties will be barred from requesting maintenance again for the same case;
Any existing maintenance orders entered on or before 12/31/18 shall follow the laws in effect at the time the order was submitted. If an existing order needs to be modified, old laws will still apply unless both parties agree to observe the new laws upon modification of the order
Practically everyone gets married with hopes the marriage will last forever. However, statistics reveal that 41% of first marriages end in divorce, 60% of second marriages end in divorce and 73% of third marriages end in divorce.
The lawyers at Streamwood Divorce Lawyer represent clients throughout Streamwood and surrounding areas. They represent clients in all types of divorce and family law matters, including the following:
- Child Custody
- Child Support
- Prenuptial Agreements
- Domestic Violence
- Orders Of Protection
- Grandparent’s Rights
Marder and Seidler have been practicing divorce and family law in the Streamwood areas for 41 years. They attend courts in Cook, DuPage Mc Henry, Kane and Lake Counties. They support you in every stop along the way in a fair and aggressive manner.They are sensitive to your feelings and needs.
In many cases the lawyers at Marder and Seidler can successfully negotiate a settlement without the need for costly court proceedings.
If you are contemplating a divorce or have been served with papers, call Marder and Seidler at 847-985-6767 today for a free and confidential initial consultation at affordable rates.
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For more information visit their website at www.marderseidlerlaw,com