Navigating the complexities of tax benefits associated with childcare expenses can be particularly challenging for non-custodial parents. Understanding whether you can claim the child and dependent care credit is crucial for effective financial planning and maximizing tax benefits. This guide, tailored by Coover Law Firm, LLC, explores the conditions under which a non-custodial parent might…
Understanding How to Calculate Child Support in Maryland On October 1, 2018, Maryland expanded the mutual consent divorce law to include married couples who have minor children in common. Under the new law, divorcing parents of minor children will be able to forgo the one-year separation period and obtain a divorce on mutual consent grounds as…
In recent years, it has become a trend to see frequent child support modification requests filed. Sometimes, these requests truly are driven by a belief that the financial circumstances of one, or both, of the parties have changed. However, the unfortunate truth is that, perhaps even more frequently, the true motivator is ongoing animosity between…
The Impact of Rising Health Insurance Costs on Child Support For most people, health insurance is a significant expense. For some people, including many separated/divorced families already struggling to maintain the expenses of two households, health insurance payments can be financially crippling. So, what happens to child support in the event that this large expense becomes even larger?…
When filing for a divorce in Maryland, decisions are made regarding the fundamentals: marital property, alimony, and—if there is at least one minor child—custody and child support. Resolution of these issues is required no matter who you are, where you live, or how much money you make. But your personal wealth could become a major…
Separation and divorce is very difficult – financially and emotionally for everyone involved – spouses, children, extended family members and friends. The sense of “loss” can be profound. Feelings of grief, helplessness, vulnerability, financial devastation and lack of control are very typical. The process is generally among the most difficult challenges a person encounters during…
