MLG LAW GROUP-CHICAGO DIVORCE AND CUSTODY LAWYERS

New Laws 2018: Illinois laws that take effect January 1 CHICAGO (WLS) -- Haircuts. Cell phones. Freedom to Yelp. Obama. Dogs - In 2018, laws are changing to make life safer, better, more fair and more sensible for you and your family. These are the most interesting new laws taking effect January 1, 2018, according to Senate Democrats. More than 200 laws will take effect thanks to actions by Illinois citizens and activists working with lawmakers: improvements, refinements and updates to reflect changing times and needs. These are the most interesting new laws to give you a quick overview of what's coming your way. 10. Sticker shock or driving hazard? Those great deals might get you onto the lot, but a new law makes sure stickers, decals, paperwork and other items that may obstruct your view are off the windshield and windows before you drive away. The new law also includes test-drives. Illinois Secretary of State Jesse White said the bill stems from the death of Brendan Burke,...

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The child support component of payments is not a taxable event. If someone receives a certain amount of money in child support, they do not declare that as income nor does the party who paid the child support claim it as a deduction for either federal or state tax purposes in Illinois. Maintenance, however – spousal support is what we used to call alimony – is a taxable event. There are some little wrinkles that the IRS has set up over the years to try to make sure that if money is changing hands and being called alimony, that it really is alimony. Assuming that those fairly simple tasks are met, the person who pays it takes that amount of money as a deduction right off the bottom of the front page of their federal tax returns. It comes right off the gross income. The party who receives it, it gets treated as ordinary income, so they pay tax on it. In general, maintenance is a taxable event, child support is not. MLG LAW GROUP 79 W Monroe Suite 925 Chicago, IL. 60603 312-37...

New Illinois Child Support Law Taking Effect in 2017 Under present law, child support is based on the net income of the  child support  payer. It is 20% for one child, 28% for two, 32% for three, and 40% for four. Net income is defined in 750 ILCS 5/505 as gross income minus certain specified deductions. One of the factors is NOT the amount of parenting time that each parent has with the child. However, there are a few Illinois Appellate Court Opinions that say that parenting time may be considered. In the fall of 2016, the Illinois Legislature passed and the Governor signed a new statute that completely changes the way child support is calculated in Illinois. The new law takes effect July 1, 2017. The law eliminates the former percentages and creates what is called the income shared approach. “To calculate child support based upon the parent’s combined adjusted net income estimated to have been allocated to the child if the parents and children were living in an i...