This is a generic Affidavit to accompany a Motion to amend or strike alimony provisions of a divorce decree because of the obligor spouse's changed financial condition. This form is a generic example that may be referred to when preparing such a form for your particular state. It is for illustrative purposes only. Local laws should be consulted to determine any specific requirements for such a form in a particular jurisdiction.
Alimony Calculator In Virginia In Alameda
Category:
State:
Multi-State
County:
Alameda
Control #:
US-00004BG-I
Format:
Word;
PDF;
Rich Text
Instant download
Description
Free preview
Form popularity
FAQ
Alimony taxation Today, alimony or separate maintenance payments relating to any divorce or separation agreements dated January 1, 2019, or later are not tax-deductible by the person paying the alimony. The person receiving the alimony does not have to report the alimony received as taxable income.
Nothing in Virginia state law says any divorcing spouse is entitled to spousal support. Spousal support is provided on a case-by-case basis. Whether or not you receive spousal support following a divorce will be determined by several factors. It is ultimately up to the judge's discretion.
Alameda and Contra Costa counties have adopted the “Alameda Guideline” formula. The guideline states that the paying spouse's support be presumptively 40% of his or her net monthly income, reduced by one-half of the receiving spouse's net monthly income.
The formula stated in § 16.1-278. is: (a) 30% of the gross income of the payor less 50% of the gross income of the payee in cases with no minor children and (b) 28% of the gross income of the payor less 58% of the gross income of the payee in cases where the parties have minor children in common.
Alimony (known as spousal support in Virginia) has long been considered taxable income for the recipient and deductible from the payor's income. Beginning January 1, 2019, that deduction is repealed.
40% of the high earner's net monthly income minus 50% of the low earner's net monthly income. For instance, if Spouse A earns $5,000 per month and Spouse B earns $2,500 per month, temporary spousal support might be calculated as follows: 40% of $5,000 = $2,000. 50% of $2,500 = $1,250.
You can start a spousal support case in Virginia Juvenile & Domestic Relations district courts by filing a petition. Find your local J&DR district court at this page, with links to each local court. The local J&DR district court can provide you more information about how to file a spousal support petition.
The formula stated in § 16.1-278. is: (a) 30% of the gross income of the payor less 50% of the gross income of the payee in cases with no minor children and (b) 28% of the gross income of the payor less 58% of the gross income of the payee in cases where the parties have minor children in common.
More info
This Virginia alimony calculator calculates Virginia maintenance using the Fairfax County alimony formula. This calculation is for information purposes only and is not intended as a substitute for obtaining legal advice!How much spousal support (alimony) will you have to pay? How much might you receive? This California alimony calculator calculates California maintenance using the California county alimony formulas. A Virginia Alimony Calculator is an online tool designed to estimate the amount of alimony that might be awarded based on specific information. The Calculator takes you back to the Time with Parent 1 field and the Calculator inserts the percentage of time in the field for the child. What is the Virginia alimony calculation? Gross Salary: Salary before taxes are taken out. Included in the appendix is a detiiled research report entitled" lb:men in Vocational Education.