Putting Families First New Jersey Divorce Attorneys Practicing in Monmouth, Ocean and Middlesex Counties

New Tax Laws May Impact Your Divorce

On January 1, 2013, the American Taxpayer Relief Act was passed by Congress. Through this new act, the increases in federal taxes against the middle class were hindered, along with preventing spending cuts that were expected to take place. There were a number of benefits that came from this change, but not all were so fortunate. Individuals that are in the midst of a divorce may be dealing with the negative side of these changes and they can have significant financial affects. There are two areas of a divorce that are expected to be influenced and those are when the assets are divided and there are changes to income. More can be read about this recent story by clicking here. Find out more about divorce and have your interests looked out for by working with a skilled member of Amdur, Maggs, Shor & Dugan, PC.