Support 2020
Family Lawyer Mac software, free download Windows 10
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Providing Software Solutions For The Active Family Law Attorney... Discover absolutely one of the best software tools for evaluating alimony/maintenance claims, and one of the easiest ways for calculating child support based on your state guidelines. We currently offer versions of Support 2020for the states of Florida, Kentucky, Michigan, Washington and Maryland. What's New: The federal tax estimates generated by Support 2020 incorporate the inflation-adjustments provided by the IRS for the 2020 tax filing year - such as the income amounts subject to FICA and self-employment tax, the inflation-adjusted standard deduction amounts and the various inflation-adjusted income tax brackets and phase-outs. The Tax Cuts and Jobs Act, passed by Congress in December of 2017, eliminated personal exemptions, increased standard deductions, reduced tax rates with new income tax brackets and increased the child tax credit which can now be up to $2000 per child (subject to income level phase-outs) with up to $1,400 of that credit refundable beyond taxes owed. More information can be found here: FAQs . The state tax estimates generated by the Michigan, Maryland, and Kentucky versions use the most currently available inflation adjusted income tax code for those respective states Starting with the 2019 tax filing year, new alimony/maintenance transfers are no longer a tax deduction from gross income for the payer nor taxable income for the payee. Consequently, the alimony/maintenance routines in the program have been substantially modified. Support 2020 will, though, allow the user to generate an alimony recommendation that is either taxable to the payer (under current tax law) or taxable to the payee (to accommodate modifications of alimony orders originally made before 2019). Adobe premiere pro free mac. Support 2020 includes a dialog for capturing the wages and the pass-through income earned by individuals with ownership in sole proprietorships, partnerships or S-Corps as up to 20% of the income earned from those of types of entities may now be deducted from federal taxable income. Support 2020 provides for the current inflation-adjusted phase-outs and limitations for this business income tax deduction. More information about the business deduction can be found here: New Section 199A Business Deduction All 2020 state versions now include a tool to scale the program display to accommodate high resolution and wide-screen monitors. All versions update the state minimum wage tables and the federal median income tables used by the program's income imputation tool and also update the life expectancy tables used by the program's defined benefit plan valuation tool. Support 2020 for Washington incorporates the changes made to the Washingon Child Support Schedule effective Janauary 1, 2019. This includes a new Child Support Worksheet (dated 1/2019) and a new 2019 Economic Table. The program also produces the Attachment for Residential Split Adjustment (RSA) dated 5/2016. Support 2020 for Kentucky incorporates the substantial changes made to the Kentucky income tax code starting with the 2018 tax filing year. This includes a flat 5% tax rate, the elimination of personal exemption tax credits except for those age 65 or older, a reduction in the pension exclusion, and a new income gap credit. Support 2020 for Florida provides for easier use of scrolling the short Financial Declaration form by dividing that form into two separate data enty screens. Company Profile: MarginSoftwas founded by Craig Ross, a family law attorney from Ann Arbor, Michigan, who has reviewed a myriad of child support and alimony cases over the last 30 years. His alimony/maintenance theories are incorporated into our Support Series of programs. Programming and product support are provided by Roger Ross of Pioneer, California. You can use the Feedback link on this site to contact us by email. Contact Information:
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