Alimony is tax deductible for the person paying, and a taxable income for the person receiving in the state of Florida. Most people are unaware of this fact, and not knowing this can be a detriment if you are being awarded alimony by the courts.
Most people are unaware that there are a few options when it comes to paying Alimony in Florida. This is another reason why it is important to consult with a State Bar Licensed Attorney when dealing with legal matters, especially Alimony Payments.
Alimony is not an easy thing to deal with because the subject has legal ramifications involving multiple parties. Having to deal with permanent alimony is an even more difficult thing to deal with because these ramifications will last a lifetime.
Florida is in the midst of trying to sort out its legislature for alimony reform. There are currently 2 bills(Senate Bill 943 and House Bill 1248) in the houses of the Florida Legislature. Here are the writings for each bill.