Broward County couples who are looking for a divorce may be interested in how alimony payments may affect their taxes. The answer generally depends on some specific qualities of the payments themselves.
Florida residents paying or receiving alimony as well as those contemplating divorce may be interested in recent actions by the state Legislature aimed at reviving a bill changing how alimony payments are awarded. The proposed changes would put a cap on some alimony payments and entirely eliminate others. Citing excessive hardship to those wage-earners obligated to support former spouses indefinitely even after relatively short marriages, reformers claim that Florida's current alimony laws are unfair and outdated.
While many Florida couples continue to live happily together, it's no secret that a sizable percentage of marriages end in divorce. Achieving an equitable separation can be a great challenge when each party holds a fundamental interest in the outcome. One woman details her experience with post-marital conflict involving alimony, one of the most contentious issues in any divorce.