Financial Affidavits May Have to be Adjusted for Higher Social Security Taxes in 2017

Originally published: November 2016 By: Deborah Beylus

According to the Social Security Administration, the income that is subject to social security tax will increase 7.3% from $118,500 to $127,200 in 2017. Family attorneys and pro se divorcing couples may have to adjust the figures on their financial affidavits. Completing a financial affidavit accurately can get complicated for individuals and for some attorneys. Attorneys may not have the time to dedicate to the client’s financial affidavit. Feel free to contact me in my Boca Raton Office for divorce mediation services or for divorce financial support. If you require some assistance.

https://www.ssa.gov/news/press/factsheets/colafacts2017.pdf

Deborah Beylus

Deborah Beylus is a Florida Supreme Court Certified Family Mediator and Certified Divorce Financial Analyst™ with over 30 years of financial industry experience. Based in Boca Raton, she leads South Florida Mediation Services, helping couples navigate divorce with clarity, fairness, and sound financial insight. A divorced mother of three herself, Deborah brings both professional expertise and personal understanding to the mediation process. Her firm has been named a Florida Trend Top Mediation Firm for three consecutive years, and she is a frequent speaker on mediation and divorce finances.

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