The Florida Family Law Reform (FFLR) Political Action Committee (PAC) announced on March 22 that they're throwing their support behind House Bill 1325 and Senate Bill 1596. If passed, both laws would help do away with permanent alimony awards.
A study published in Motherly magazine in late January captured how, despite that many women have joined the workforce during the past 100 years, many still considered it to be optional whether to have a career or stay home with the kids. The authors note that they're slowly realizing though that a single income doesn't stretch as far as it once did though.
Our state recognizes more than one type of spousal support. Under Florida Title VI: Civil Practice and Procedure Section 61.08, a judge presiding over the dissolution of a marriage can award a spouse permanent, bridge-the-gap, durational or rehabilitative alimony. Judges can also order the paying spouse to make either lump-sum or periodic payments or a combination thereof. Certain conditions must be met in order for the courts to award these different types of alimony.
The months following the holidays are generally busy for divorce attorneys as many couples spend time together and realize that they just don't mesh anymore. This year, though, there's a final rush right before the year ends for a whole other reason. Many couples are looking to finalize their divorces before Jan. 1 in hopes that they won't be impacted by the changes to alimony that the new Tax Cuts and Jobs Act will bring with it.
Come Jan. 1, the Tax Cuts and Jobs Act will go into effect. Once it does, an alimony-paying spouse will no longer be able to take a tax deduction for making such a payment on their yearly tax filing.
Time is ticking down before the Tax Cuts and Jobs Act (TCJA) goes into full effect on Jan. 1, 2019. Once it does, it will change how both alimony and child support are dealt with.
The idea of one spouse paying another a certain amount of money to support them so that they could continue to live the same lifestyle post-divorce that they did while married is a concept that originated in England. Although the idea of alimony or spousal support was brought over by settlers centuries ago, it's still something that's alive and well here in the United States today.
A new tax code, that's known as the Tax Cuts and Jobs Act, is slated to go into effect on Dec. 31, 2018, that will greatly impact divorcing spouses' finances.
Alimony once was a wife and stay-at-home mother reaching an agreement with her ex-husband regarding both spousal and child support. He agrees to pay a set amount every month and pays for a few months, but then suddenly stops. If this describes the predicament you find yourself in, then you may wonder what avenues you can pursue to recover what you're owed in your case.
Contrary to what many paying spouses may think, alimony is not intended to penalize the paying spouse for deciding to move forward in divorcing their husband or wife. It's instead intended to help equalize the playing field between one spouse and another, especially when there's a disparity in income between the two.