People in Arizona who are considering divorce may wonder about the potential impact of tax reform on marital separation. The financial effects of divorce can be longer lasting and wider ranging than the emotional and practical changes, and this is especially true when it comes to taxes. The Tax Cuts and Jobs Act, which passed in 2017, contained a number of significant changes to the U.S. tax code. However, one area will be particularly important for people divorcing. The treatment of alimony and spousal support payments will diverge from 80 years of policy.
Before Arizona parents are able to obtain a child support order, the relationship between the parents and the child must be established first. Maternity is established when the woman gives birth to the child. Paternity can be acknowledged in multiple ways.
Child support payments can be confusing for both non-custodial and custodial parents. Parents in Arizona may be affected by federal laws governing child support. To understand how child support works, it is important for parents to understand the different types.
A large number of young people in Arizona and across the country face a large debt burden in the form of student loans. On average, the outstanding balance of a student loan borrower is $34,144, and that number is higher for members of the class of 2017, whose average debt burden is $39,400. Over the past 10 years, the number of people who owe $50,000 or more in student loans has tripled. While a number of researchers have looked into the social effects of rising tuition and escalating student loan burdens, these can also have a significant impact on borrowers' personal lives.