What percentage of income do you pay for alimony?
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What percentage of income do you pay for alimony?
Under the formula, alimony is set at 30 percent of the higher-earning spouse’s income, minus 20 percent of the lower-earning spouse’s, as long as the recipient doesn’t end up with more than 40 percent of the couple’s combined income.
Does alimony stop when you get a job?
In a nutshell, as soon as you begin earning income, your ex-spouse can file a motion with a court and argue that you no longer need his alimony checks. Depending on how much you earn at your new job, a judge may agree with this argument, and you could lose all or some of your alimony. Ouch!
What states still have alimony?
Alimony in the different States New Jersey, West Virginia, North Carolina, Oregon, Florida, Vermont, Michigan, Connecticut, Virginia, Tennessee, Oregon, Mississippi, Washington, and New Hampshire may still grant permanent alimony.
What is the difference between alimony and palimony?
In a nutshell, alimony is court ordered spousal support that one spouse is ordered to pay to the other during and/or after getting divorced. Palimony on the other hand is basically alimony for unmarried cohabitating couples who split up.
