Like most Michigan parents, you love your kids but would likely agree that parenthood is one of the most challenging and exasperating experiences of a lifetime. If a recent divorce intensified your challenges, it may take some time to get life back on track and to find your "new normal." The good news is that children are generally quite resilient and adaptable, especially if they know they have the loving support of both their parents.
Under current tax laws, Michigan residents who pay spousal support as part of their divorce agreements have the ability to deduct their payments on their taxes. Those who receive the payments have to pay taxes on them. Thanks to the Tax Cuts and Jobs Act, in 2019, these alimony rules are about to change.